A Housing Market Correction Is Coming
With inflation and mortgage rates on the rise, there is a lot of speculation about where the market is headed and what that means for home prices.
With inflation and mortgage rates on the rise, there is a lot of speculation about where the market is headed and what that means for home prices.
Inflation is the highest it’s been in 40 years and no doubt it has adversely impacted your budget. But how is it affecting the home you want to buy?
The closing is a test of will. There is nothing more awesome than taking ownership of your brand new home, but you have to sign for it fist.
Given the popularity of coastal real estate, it’s no surprise that bidding wars along the coast are among the most competitive markets nationwide.
During the pandemic, home buyers lamented a lack of inventory, which helped push prices to record highs. But all of a sudden, listings are piling up.
If you want to buy a house soon, there’s good news: prices are declining for the first time since the pandemic frenzy and the market is normalizing.