🎉 You know it's an exciting time in the mortgage & real estate industry when your email is blowing up with these messages from your mortgage broker and lender friends!
It's not perfect, but it's a start in the right direction. And better than rates in the 7s and (gasp) 8s!
👉 From NAR: https://tinyurl.com/4fpr3ufr\
👉 From Yahoo!Finance: https://tinyurl.com/4drwazvh
👉 From Realtor.com: https://tinyurl.com/yv6kxdcw
📌 Sally's Takeaway #1: Consumers looking to buy a home should not wait. Rates are expected to remain a bit elevated and home prices are poised to increase further.
📌 Sally's takeaway #2: Why keep throwing your money away on rent when you can start building equity in a home now!
📌 Sally's takeaway #3: It's impossible to "time the market". If you're waiting for rates to drop back into the 3s or 4s you're probably going to be waiting a long time. If you're waiting for the market to "crash"....guess what? That's not likely to happen anytime soon.
📌 Sally's takeaway #4: Sellers are motivated. Many are offering "seller concessions" so buyers can do a rate "buy down", making it even more affordable to buy!
Finally, If you're thinking of making a move, I'd be happy to sit down with you and review the pros and cons of buying or selling in today's market.
