Homebuyers: Be Ready To Act This Winter

To succeed as a buyer in today’s market, it’s important to understand which market trends will have the greatest impact on your home search. Danielle Hale, Chief Economist at realtor.com, says there are two factors every buyer should keep their eyes on:

“Going forward, the conditions buyers face are primarily dependent on two things: mortgage rates and housing supply.” As a buyer, your interest rate directly impacts how much you’ll pay on your monthly mortgage when you purchase a home. Mortgage rates are expected to climb next year. But they’re still low when you compare to where they were just a few years ago. That presents today’s buyers with some motivation to lock in a low mortgage rate before they climb higher. The other market condition buyers need to monitor is the number of homes available for sale today. The latest... #expertanswers #stayinformed #staycurrent Welcome HŌM