Is This a Good Time To Buy A Home?
Here are the latest numbers to help you decide whether to buy now or wait.
Is now the right time to buy a house? I’ll cover some key statistics and economic forecasts that you need to know about if you’re thinking of buying a home during the holiday season so that you can make the right decision. Many factors in the market point toward now being the best time to buy a home. For one, mortgage originations are expected to drop by 33% in 2022, and refinance originations are expected to drop by 60% because rates are going up.
Feel free to follow along in the video above, or use the timestamps below to navigate today’s market update at your leisure:
1:18—The reality of the news that mortgage originations will drop 33% in 2022
2:07—How many buyers are scheduling showings and what that means
3:32—What the forecast for rising mortgage rates means for you
5:07—Home prices are forecast to increase, too
6:25—Why it’s not wise to wait if you’re going to buy a home
7:21—Wrapping things up
If you are thinking of buying a home and you’d like someone to talk to so that you can make the best decisions for your situation, give us a call or send us an email. Let us know how we can help you.