With all that is happening right now regarding interest rates and the housing market, it makes it difficult to know if one should purchase a home right now or should one wait and continue to rent. Chris Maxwell from Bank of Albuquerque sent me this calculator that just may help you with that decision. Go to Buy Now vs. Wait Calculator and see what is right for you. Then let’s talk and if it is...
May 8, 2023
The CoreLogic Home Price Index (HPI) reported year-over-year home price growth fell to 3.1% in March, hitting its lowest appreciation rate in 11 years. Monthly price growth fell to 1.6%. Although construction spending was up overall in March, residential spending came in a tick below February at a still respectable $827.2 billion annual rate. Given the low existing home inventories, builders are...