The housing market has faced low inventory and high housing costs for homebuyers. However, experts predict that more homes will become available, leading to a slower rise in home prices. With decreasing mortgage rates and slower price growth, now is a good time to buy. It allows you to start building equity immediately and avoid potential future mortgage rate increases.
If you find a property you like, don’t delay. Trying to time the market is difficult, and purchasing a home should be considered a long-term investment. As mortgage rates drop and more buyers enter the market, home prices will likely increase. Remember, finding the right home is more important than focusing solely on the current mortgage rate, as you can always consider refinancing later.
For those considering selling, now’s a great time. Despite an improvement in supply, experts predict a continued housing shortage, which is expected to keep home prices high. This makes 2024 an ideal time to sell. Historically, it’s best to sell when mortgage rates are low and supply is limited. Although current rates are relatively high, experts anticipate a stabilization of elevated mortgage rates from 2023. Coupled with low inventory, this still puts sellers in a strong position in most markets.
Navigating the real estate market requires careful consideration and timely action. Whether you’re looking to buy or sell, I’m here to provide guidance and support every step of the way. Don’t hesitate to reach out to me for personalized advice and assistance tailored to your unique situation: (919) 291-5704
April To-Do’s: Home Maintenance Musts
As the sun shines brighter and the air gets warmer, it’s the perfect time to take on those outdoor tasks that have been waiting for your attention. Here’s a to-do list to inspire and help you make the most of the season.
Why Is Title Insurance Important?
When you close on a new home purchase, you will receive a title insurance policy. But what is title insurance, and why is it important? Here’s what you need to know.
The Pros and Cons of Putting Your Home Into a Trust
Transferring assets, like your residence, into a trust can simplify inheritance for beneficiaries. Trusts avoid probate, which can be lengthy. As more people put homes into trusts, it’s worth considering. Here are the pros and cons of trusts for estate planning.
Selling a Unique Home Requires Unique Marketing
If you have a distinct property, such as a castle, an old church converted into a house, or a century-old home with exceptional architecture, and plan to sell it, know that traditional sales techniques may not be enough. You will need a specialized marketing strategy unique to your property.
