I absolutely love it when we can close exactly one month after going under contract... and with an over-asking price! With a crazy number of showings in just two days resulting in multiple offers, this is a sure sign that we are still in a "Seller's Market". If you were to ask me about selling right now, I would definitely say YES it is a good time. There are so many buyers desperately looking for a house and not enough supply to go around.
Since the pandemic began, Americans have reevaluated the meaning of the word home. That’s led some renters to realize the many benefits of homeownership, including the feelings of security and stability and the financial benefits that come with rising home equity. At the same time, many current homeowners have decided their house no longer meets their needs, so they moved into homes with more space inside and out, including a home office for remote work.
As we near the end of the year, more homeowners are realizing the benefits of today’s sellers’ market. Record-breaking home price appreciation, growing equity, low inventory, and competitive mortgage rates are motivating homeowners to make a move that addresses their changing lifestyles.
There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise.
🏡Are you curious if it is still a good time to sell?🤔 Yes it is! There are many buyers qualified but there are just not enough houses available. They want to buy now while interest rates are still low and they can get more for their money. Call me to discuss your options. 🏘
The purpose of Veterans Affairs (VA) home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation. As the Veterans Administration says of the program:
Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates have hit the lowest point ever recorded, and they’ve hovered in the historic-low territory. But even over the past few weeks, rates have started to rise. This past week, the average 30-year fixed rate was 3.14%.
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