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Why Now is the Right Time to Buy a Home (1)

Why Now is the Right Time to Buy a Home

The last few years have been quite confusing for buyers, sellers, and industry experts regarding the volatility of the housing market. As 2022 came to its conclusion, transactions and price appreciation have continued to drop, signifying a healthier market for 2023. So, is now the right time to jump into the market and buy a home? This article will cover all the reasons we think now is a great time to do so.

A picture containing graphical user interface Description automatically generatedMarket Update: Dallas-Fort Worth Housing Stats to Know As We Near End of 2022

Market Update: Dallas-Fort Worth Housing Stats to Know As We Near End of 2022

It’s been a roller coaster year for the housing market. Prices started at record highs earlier this year with increased market activity and then, the market came to a screeching halt around late summertime, with closed sales falling dramatically and prices starting to inch back downward ever since. While the housing market has been more difficult to navigate for buyers, sellers and industry professionals, experts do expect the market to rebound in 2023 as rates continue to come back down.

Interest Rates on Mortgages Drop 1% Overnight

Interest Rates on Mortgages Drop 1% Overnight

If you’re in the market to buy a new home, some great news just came out this morning that will have you hitting up your agent and ready to make some offers. Interest rates fell 1% overnight on a 30-year fixed mortgage, drastically cutting down your future payments.

Interest Rates Rising How Does This Affect Housing Market

Interest Rates Increased Again: Now What?

The Fed raised interest rates another 75 basis points Wednesday, July 27 (three quarters of a percentage point). Ironically, however, mortgage rates fell to 5.59 percent this week, down from the average of 5.76 percent they were last week, according to latest reports by Bankrate.

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