Some of the first things we look at when determining a favorable seller’s and buyer’s market are employment, income, and consumer confidence levels. Those 3 points combined with current rates and loan programs give us an excellent sense of how big the opportunity is for you.
Here’s what current trends are telling us.
With current rates on the lower end of the scale, it’s an excellent time to buy. However, first-time homebuyers may encounter competition. With baby boomers looking to size down and builders slow to switch from larger homes to starter homes, first-home home shoppers should prep for smart bidding.
Nonetheless, it’s still a favorable time to buy a first home.
Other than the market and rates going in your favor, there are other things home shoppers need to remember:
Other the market, other points to consider when looking to sell your home are:
The housing market in 2020 is looking great for both sellers and buyers --that is, for those that act now. While rates are relatively steady, even a small change upward could cost you hundreds of dollars more. Why not lock it in now and have the peace of mind of an affordable mortgage?
Call us today to get matched with your best loan option.