With so much recent change in the housing market, you probably have questions about what it all means for your homebuying plans this spring. Here are two things that are likely top of mind for you.
TAKEAWAY
If you’re thinking about pausing your home search because of mortgage rates, you may want to reconsider. This could actually be an opportunity to buy the home you’ve been searching for. The rise in mortgage rates is leading some potential homebuyers to pull back on their search for a new home. So, if you stay the course, you’ll likely face less competition among other buyers when you’re looking for a home. This is welcome relief in a market that has so few homes for sale.
Call or text Steve Schappert right now. 203-994-3950