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If you’re thinking about buying a home soon, higher mortgage rates, rising home prices, and ongoing affordability concerns may make you wonder if it still makes sense to buy a home right now.
One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them.
Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year?
- It’s no secret that we love our furry friends - about 70% of U.S. households have pets. What may come as a surprise is how large a role they play in the homebuying process.
- Americans spend $1,163 a year on their pets, and nearly half of pet owners say they would move for better accommodations and amenities for their pets.
Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low.
When it comes to buying a home, especially with today’s affordability challenges, you’ll want to be strategic.
If you’re worried about a coming recession, you’re not alone.
Countless people have set out on the exciting journey of homeownership.