Thinking of buying or selling a house and wondering what the new year holds for the housing market?
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According to the latest data from Fannie Mae, 23% of Americans still think home prices will go down over the next twelve months.
Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider.
There are only about half the number of homes for sale compared to the last normal years in the market.
Want to know what experts say will happen in the rest of 2023?
If you’re feeling a bit muddy on what’s happening with home prices, that’s no surprise.
If you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging.
- 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%.
Looking at monthly home price data from six expert sources shows the worst home price declines are behind us, and they’re rising again nationally.
If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind.
If you’re thinking about selling your house, you may have heard the supply of homes for sale is still low, and that means your house should stand out to buyers who are craving more options.
- Taking a moment to reflect upon what we’ve heard from historical leaders can teach us a lot about getting through the many challenges we face today.
- We're all eager for the day when every American can safely return to work. That day is coming. Timing is everything. Patience is essential.
You may see media coverage talking about a drop in homeowner equity.
Comparing real estate metrics from one year to another can be challenging in a normal housing market.
Are you considering buying your first home?
Some homeowners have been waiting for months to put their house on the market because they don’t think people are buying homes right now.