Some Highlights

• Buyers are actively searching for and purchasing homes at a record-breaking pace. According to the latest report from the National Association of Realtors (NAR), in July, 68% of homes were on the market for less than a month.
• With homes moving from listing day to pending sale in an average of just 22 days, it’s a great time to sell a house.

If you’re planning to move soon, you might be wondering if there'll be more homes to choose from, where prices and mortgage rates are headed, and how to navigate today’s market.

Wondering if now’s a good time to sell your house?

Are you wondering if it makes sense to buy a home right now?

Some Highlights

• Choosing the right real estate professional to work with is one of the most important decisions you can make in your homebuying or selling process.
• The right agent can explain current market conditions and break down exactly what they mean for you.

You may have heard headlines in the news lately about agents in the real estate industry and discussions about their commissions.

If you have student loans and want to buy a home, you might have questions about how your debt affects your plans.

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. 

Over the past few months, experts have revised their 2024 home price forecasts based on the latest data and market signals, and they’re even more confident prices will rise, not fall.

If you’re worried about what’s next for home prices, know the HPES shows experts are projecting they’ll continue to rise at least through 2028.

Thinking about buying a home?

The process of buying a home can feel a bit intimidating, even under normal circumstances.

If you're planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment.

If you’re thinking about buying a home this year, be sure to consider the long-term financial advantages of homeownership, like home equity. 

Going into 2023, there was a lot of talk about a possible recession that would cause the housing market to crash.

• Since inflation is increasing the cost of goods and services, it may make sense to look for an energy-efficient home.
• Energy prices have increased over the last year, so look for energy-efficient features in your home search.

According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down.

When mortgage rates spiked up over the last few years, some homeowners put their plans to move on pause.

Some Highlights

• If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership.
• On average, nationwide, home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term.

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?