The Bohnker Group
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Buying a home in real estate any market is extremely personal. It is vitally important that you do not get caught up in the headlines in the news today, those outlets get paid when you click their headlines, and allow them to terrify you and instill fear. The best way to make that decision is to educate yourself on the actual facts, giving you clarity and confidence to make the best decision for you and your family.
Let's look at a few key reasons why you may potentially want to consider buying a home today.
1. More Homes Are For Sale Right Now
According to data from the National Association of Realtors (NAR), this year, the supply of homes supply of homes for sale have significantly increased compared to where we started the year.
2. Home Prices Are Not Projected To Crash
Experts do not believe home prices will crash and reflect a situation like the crash of 2008. Instead, experts believe home prices will come down at various levels depending on each local market and the factors at play (i.e. supply and demand.
3. Mortgage Rates Will Come Back Down
Mortgage rates have risen more than 2x this year, but in recently week rates have come down, which gives early signs hint that inflation may be easing a bit. Inflation will dictate where rates go from there, but if inflation continues to go down, we will interest rates come down as well.