The housing market is becoming a bit more friendly to buyers as inventory continues to rise. That’s giving buyers the opportunity to shop around and even negotiate some of those prices down.
Buying a home at a time when both prices and mortgage rates may be uncomfortably high may seem like insanity to some cost-conscious buyers. However, it could wind up being a financially savvy decision.
Even foreign buyers aren’t immune to the challenges in the U.S. housing market. In fact, a new report shows that foreign buyers purchased fewer homes in the last year than in any year since 2009.
The real estate mantra of location, location, location is extremely important for buyers and sellers this summer. That’s because whether they will be experiencing continually accelerating home prices or prices that may start to slow down really depends on where they live.
Homebuyers may soon get a break in the form of lower housing costs. Mortgage rates could soon dip as inflation cools and that may already be happening.
Fewer homes went under contract in May—but sales could pick up as mortgage rates continue to dip and present prospective homebuyers with the opportunity to buy their new home for less.
It may become a little more affordable to purchase a home this summer. Here's the latest on what interest rates are doing and what it means for you.
Homebuyers may find that offering cash could give them an edge in the summer's fiercely competitive housing market. That is particularly true if they are looking for a home in the South.