The housing market is shifting. Since the beginning of the year, mortgage rates have moved up. Home prices are still increasing just at a slower rate. These higher rates and prices have reduced the number of buyers, while sellers have more competition as more listings hit the market. In light of these developments, here are five things sellers need to know, according to real estate experts. There is a...
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No one really knows if it is the RIGHT time to purchase a home but there are better times for one to purchase a home depending on their circumstances. Over the past year interest rates were at an all time low. This made it very inviting for homebuyers. Their interest rate was low making their payments low. But at the same time there were way fewer homes on the market making the process of getting...
What’s going on with home prices? The market is changing. Mortgage rates have risen sharply in the last few months, and the inventory or homes for sale is finally increasing in many markets across the country. Two things are apparent. First, home prices are continuing to rise. Second, sellers don’t have as much of an advantage as they’ve recently had and are needing to reduce their asking prices....
The signs are clear and causing alarm: The U.S. may be on the verge of entering a recession. Even with low unemployment and a tight labor market, persistent inflation, slowing growth, and rising interest rates have many economists, investors, and policymakers girding for a sustained economic downturn. If a recession hits, will the housing market tank? After all, in the past two years the housing...