Jill On Money With Jill Schlesinger

I think it's officially time for a deep dive on the spring housing market. Joining us this weekend is Maria Fregosi, the Chief Investment Officer at Homepoint Financial. Where is the housing market going next? Despite the fact that we are coming to the end of the pandemic with accelerated vaccinations, many companies have announced that employees working from home may continue to do so permanently.  That may allow some to seek out more affordable areas like Austin, Charlotte, Miami, and Nashville.  Some smaller cities have launched cash initiatives, home buying allowances, tax credits and money toward local goods and services to induce pandemic movers to relocate there.  If you are in the market to buy, you will need to run the basic numbers, including mortgage principal and interest, homeowners' insurance, and taxes. Add a line item for upkeep and maintenance, depending on the age of the house and its condition, factor in 1-3 percent of the purchase price annually.  And for the transaction itself, don’t forg