First Israel Mortgage - TLV

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First Israel Mortgages | Dani Schecter | Olin Stars Tips Helping educate many Olim on the nuances of home financing in Israel. Many crucial aspects to understand when taking a mortgage from an Israeli bank.

Fresh statistics on home prices have just been released, and for the first time they are broken down by district . An overall decrease of 0.3% in prices on a national level.

On the flip side, a new survey just found that 10% of Israelis are in the market for a new home ....

Extremely Interesting times are ahead.

Educating yourself on the market is crucial , especially if you are in the market for a new home .

Home prices fall in Jerusalem and Tel Aviv - Globes English New data from the Central Bureau of Statistics shows differing housing price trends in various parts of Israel in October-November. 

Great piece to help understand how the government programs are impacting your chances of owning your own home ( no spoilers- you need to read till the end)

Moshe Kahlon and his Army of Landlords Moshe Kahlon: "Buyer's Price" program aims to provide young couples the chance to live in a home of their own - instead it is creating an army of landlords.

This is too important to ignore . Well worth the read (Google translated version isn't too bad) .

This proposal, if ratified, would effectively eliminate all prepayment penalties and allow each borrower to choose his mortgage product mix with no underlying restrictions. 2 wins for the borrowers vs. the banks . Wow!

We will keep very a close on eye it, nobody likes lower rates more than we do !

בדרך: ביטול עמלת פירעון מוקדם ומגבלת "שליש הפריים" במשכנתאות שתי הצעות חוק חדשות עשויות לחולל מהפיכה דרמטית בענף המשכנתאות. האחת מבקשת לבטל את עמלת הפירעון המוקדם שאותה משלמים מי שרוצים לפרוע או למחזר משכנתא. האחרת מבטלת את המגבלה על נטילת שליש מהמשכנתא במסלול פריים

Its clear that volume is down, and that interest rates are up. We aren't quite there yet, but some would say we are starting to see a shift from a seller market to a buyers market . add in the season slowdown of winter, now might be a good time to pull the trigger if you are contemplating a purchase in Israel

Home purchases down sharply in December - Globes English Only 9,800 housing units were sold in Israel, the fewest since December 2011, the Finance Ministry reports