The Housing Market Is Chilling Out
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.
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.
Unless you have a boatload of cash under your mattress, you’ll need a mortgage. Because buying a home usually costs more money than you have laying around.
As inflation and interest rates continue to climb, there’s lots of talk about the direction of the housing market and the potential impact on home prices.
Earlier this month, the Federal Housing Finance Agency or FHA, announced that the maximum baseline conforming loan limits will rise in 2022.
Closing costs are a significant expense for buyers that can easily be overlooked or forgotten. Here’s a handle on what you are expected to pay at closing.
With rates for a housing loan shooting up, what does the second half of 2022 look like? Here are a few questions to consider about the housing outlook.