Buying a home is a major life decision. That’s true whether you’re purchasing for the first time or selling your house to fuel a move. And if you’re planning to buy a home, you might be hearing about today’s shifting market and wondering what it means for you. While mortgage rates are higher than they were at the start of the year and home prices are rising, you shouldn’t put your plans on hold based solely on market factors. Instead, it’s necessary to consider why you want to move and how … [Read more...]
What to look for in the coming market!
We’re seeing a market shift right this summer. The rise in interest rates and the continuing rise in home prices has made it significantly less affordable to buy a home. The economist who predicted the housing crash in 2008 thinks we are now “halfway through the fall.” The number of sales is predicted to fall and the rate of home price appreciation is slowing. If you’re a buyer don’t hold your breath for prices to drop as the laws of supply and demand will cause prices to rise. This … [Read more...]
Three Reasons To Buy a Home in Today’s Shifting Market
A Real Estate Professional Helps You Separate Fact from Fiction
If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture. The real estate market is shifting, and when that happens, it can be hard to separate fact from fiction. That’s where a trusted real estate professional comes in. They can help debunk the headlines so you can really understand today’s market and what it means for you. Here are three common housing market myths you might be hearing, along with the expert … [Read more...]
Want To Buy a Home? Now May Be the Time.
There are more homes for sale today than at any time last year. So, if you tried to buy a home last year and were outbid or out priced, now may be your opportunity. The number of homes for sale in the U.S. has been growing over the past four months as rising mortgage rates help slow the frenzy the housing market saw during the pandemic. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains why the shifting market creates a window of opportunity for you: “This … [Read more...]
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