
Home Prices Are Finally Dropping
More than 25% of homes for sale on the market have seen their prices slashed. Is this the new normal – a more balanced and affordable housing market?
More than 25% of homes for sale on the market have seen their prices slashed. Is this the new normal – a more balanced and affordable housing market?
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.
House hunters in the market to buy a home during this time of elevated prices need to ask themselves: is a house a good long-term investment?
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.
Earlier this month, the Federal Housing Finance Agency or FHA, announced that the maximum baseline conforming loan limits will rise in 2022.
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.