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Still deciding whether to buy your first home now or wait? Here’s something you’ll want to consider.
Buyers who get into their first home around age 30 build about $119,000 more in net worth by age 50 compared to those who wait until their 40s.
So, every year you spend saving for the "right" moment could quietly chip away at your future wealth.
That doesn’t mean buy before you’re ready. But it does mean, if you’re ready and able to buy now, it may be a better strategy than waiting.
DM me and let's map out what timeline fits your situation and our market. You might find that a head start matters more than waiting to save the "perfect" down payment.
#FirstTimeHomebuyer #HomebuyingTips
If affordability has been the biggest thing standing between you and a home, there’s a little bit of good news.
Asking prices have started to ease – the typical asking price this May came in under where it was a year ago.
And these lower prices are good news for your move – not a sign the market’s in trouble. It points to a market that’s rebalancing with more realistic seller expectations and a little more breathing room for buyers again.
So, if you’ve been waiting for an opening, let’s connect. I’ll help you see what that looks like in our area.
#HomePrices #HomebuyingTips
Because even though you want rates to come down, experts say this latest inflation data could actually set the stage for rates to stay “higher for longer.”
So, what can you do about it? Should you just wait?
My advice is simple. Focus on what you can control.
Even in a market like this, there are things you can do to get the best mortgage rate possible. Because sometimes you need to move no matter what’s happening – and that’s okay.
You just need the right strategy.
Let's talk about what this means for your situation and your timing. Drop a comment below or send over a message.
Because you don’t have to figure it out alone. And there are still ways to move forward.
#Inflation #MortgageRates
Inflation is still above where the Fed wants it, and that means mortgage rates are likely to stay elevated for a while. But for people who need to move, strategy matters far more than trying to perfectly time the market.
Wondering what this means for your specific situation? Reach out today. Let's cut through the noise together and make a plan that actually works for you.
#Inflation #MortgageRates
Affordability is a real challenge, but it's not an unsolvable one. The key is being open to places you might not have considered before. A local real estate agent can help you find them.
Ready to find out which areas have the best affordability right now? Reach out today.
#HousingAffordability #CostOfLiving
The housing market hasn’t rebounded as quickly as experts originally hoped. But that doesn’t mean it’s stalled.
Higher inflation and lingering economic uncertainty caused economists to revise their forecasts for this year. But importantly, when those two things settle down, many experts believe the market will regain its momentum.
So don’t see this revision in forecasts as a sign of trouble. See it as a temporary reaction to overall conditions and uncertainty.
If you want to know what’s happening in our local market, and what it could mean for your plans for the rest of this year, let’s connect.
#HousingMarketForecasts
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