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There are only about half the number of homes for sale compared to the last normal years in the market.
When it comes to buying a home, especially with today’s affordability challenges, you’ll want to be strategic.
Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years.
- If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters.
- While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly 10% gain is still dramatic compared to the more normal level of appreciation, which is 3-4%.
- If you’re on the fence about selling your house, it’s worth considering all the reasons why moving could make sense for you.
- If you find your home no longer meets your needs, it may be time to sell.
If you’re considering buying or selling a home, you’ll want to know what’s happening in the housing market.
Today’s housing inventory is still well below more normal years.
- If you’re trying to decide whether to rent or buy a home, there are a few things you should consider.
- Homeownership can help you escape the cycle of rising rents, builds your wealth, and serves as a hedge against inflation.
- Not sure if selling your house is the right move today? You should know there are a number of reasons it still makes sense to sell now.
- Your house will stand out because inventory is low. That’s why the number of offers on recently sold homes is on the rise. And most homeowners have a lot of equity that can fuel a move.
If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then.
- If you’re thinking about buying a home, be sure to plan for closing costs.
- Closing costs are typically 2% to 5% of the total purchase price of a home, and they can include things like government recording costs, appraisal fees, and more.
Spring has arrived, and that means more and more people are getting their homes ready to sell.
- Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase.
- And with programs like FHA loans, VA loans, and USDA loans, some qualified buyers are able to put down as little as 0-3.5%.
- If you’re thinking about selling your house this spring, here are some things you’ll want to tackle before you list.
- Spend your time on tasks that make it feel inviting, show it’s cared for, and boost your curb appeal.
If you’re looking to make a move, you want to be sure you have the latest information on the housing market.