REAL ESTATE NEWS
WHAT SELLERS NEED TO
- Worried about needing to sell before you can buy? While there are still plenty of 3rd party companies or “iBuyer” options out there, it’s important to be sure you’re exploring all your options that will get you into your dream home, without leaving valuable equity on the table.
- If you’re simply looking to get the most money from selling your home, it’s important to remember that even in a “sellers market” it’s not a time to cut corners!
- Want to know what your home is worth? Click below for a FREE home evaluation!
Mortgage rates have been on the rise as the Federal Reserve prepares to start withdrawing the support it’s provided to mortgage markets later this year. But Fannie Mae economists aren’t anticipating a rapid runup in rates, and see listing shortages and rising prices as the greater impediment to home sales.
source: Matt Carter, inman.com
WHAT BUYERS NEED TO KNOW
Buyer fatigue is in the air, and many might say they’d rather “wait out the market” than buy a home right now.
“We’re … seeing a softening in consumers’ expectations that home prices will continue to increase; however, in our view, other housing market fundamentals remain supportive of further home price appreciation – including low levels of inventory and low interest rates,” -Fannie Mae Chief Economist Doug Duncan
If most Americans aren’t expecting home prices to keep going up, they could be in for a surprise a year from now.
What does this mean for buyers? Now is a GREAT time to take advantage of low interest rates keeping your monthly payments lower even at a higher price point.