Why You Shouldn't Be Afraid of the Housing Market

Eight Reasons why you shouldn’t be afraid of the housing market: 

01 - The housing market is always changing, and that’s a good thing! 

The real estate market is always fluctuating, depending on many different factors. If the timing isn’t right for you or your family to buy or sell real estate now, it doesn’t mean it will always be unattainable. Good news – the market is starting to be more favorable for buyers and sellers who have been sitting on the fence. 

02 - You don’t have to know everything – that’s why you have a realtor! 

Collectively, our team has expertly guided clients through thousands of real estate transactions in various market conditions. We know the home buying and selling process inside and out, and we will help you understand every step of the process. 

03 - Inflation is (slowly) cooling down

Last month the Fed cut the federal funds rate by 0.5%, and is expected to make additional cuts in coming months. The federal funds rate doesn’t directly impact mortgages, but is the interest rate at which commercial banks borrow and lend money to each other overnight. The cost of borrowing will decrease, and more money will start to circulate the market. 

04 - As rates decline, it bodes well for monthly payments

While mortgage rates won’t improve overnight, they are expected to improve in the coming weeks. The federal rate cut has already sparked more buyer interest in the past few weeks and more and more buyers are entering the market causing an increase in buyer competition. For buyers looking to purchase, the decision to take advantage of today’s lower rates or wait to see what happens over the next month or two, can be a difficult one. Contact your agent if you have any questions. 

05 - There are grants, programs, and resources available! 

There are many grants and other resources available, especially for first-time homebuyers. You may be eligible for more than you realize. Reach out to learn more about your specific needs. 

06 -  Knowledge is power: lean on a trusted advisor

The more you know about the real estate market and your finances, the less scary it will be. Meeting with a real estate agent or a lender can help you understand what opportunities and options are available to you now and in the future. 

07 - You’re never going to time the market perfectly, so do what is best for your family.  

It is impossible to time the housing market perfectly, because no one knows how it will change in the future. Doing what is best for your family today will make you happier (and less stressed) in the future. 

08 - A home is a long-term investment; historically home prices rise

Buying or upgrading your home is a big decision because it is a big investment. Despite fluctuations in the market, home prices historically rise and are a great way to build equity. There is no better way to build wealth than buying real estate! 

If you have any questions reply to our email or contact us at (801) 810-8326