Three Things Buyers Can Do in Todays Housing Market
September 19, 2022
It’s clear the 2022 housing market has been defined by rising mortgage rates. With rates on the rise, it’s also become more costly to purchase a home. According to the National Association of Realtors (NAR):
“Compared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, an increase of 53.7%.”
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Unfortunately, a lot of sellers today are setting their asking price too high. That’s leading to an uptick in price cuts.
When you put your house on the market, you want to sell it quickly and for the best price possible; that's generally the goal. But too many sellers are shooting too high right now.
Spring is in full swing, and the housing market is picking up along with it. And if you’ve been wondering whether now is the right time to buy or sell, here’s the inside scoop on why this spring may be a great time to make your move.
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So, is the market finally balancing out? And does that mean buyers will have it a bit easier now? Here’s what you need to know
