š¤ šŖšµš š®šæš²š»'š šµš¼šŗš² š½šæš¶š°š²š š“š¼š¶š»š“ šš¼ š±šæš¼š½ š®š»š± ššµš¼šš¹š± š šÆšš š® šµš¼ššš² š»š¼š?
š Demand for housing has increased as mortgage rates have continued to hover near record lows, and home buyers recognize a good deal - mortgage purchase applications are up 16% from last year.
š At the same time, inventory which was already an issue pre-pandemic is now tighter than ever, with multiple offers and bidding wars. Since there is more demand, and even less inventory of homes for sale, prices continue to go up and are likely to do so until mortgage rates rise significantly.
šØ š§šµš² š“š¼š¼š± š»š²šš š¶š ššµš®š š”š¢šŖ š¶š ššš¶š¹š¹ š® š“šæš²š®š šš¶šŗš² šš¼ šÆšš š® šµš¼šŗš²! šØ
Any increases in price will be offset with the low mortgage rates, which helps you to get more house for your money. Waiting for home prices to drop would be a mistake that could end up costing you more money.
šš³ šš¼š'š± š¹š¶šøš² šš¼ šš®š¹šø š®šÆš¼šš š“š²ššš¶š»š“ š½šæš²š¾šš®š¹š¶š³š¶š²š± šš¼ š½ššæš°šµš®šš² š® š»š²š šµš¼šŗš² š¼šæ šš¼ š³š¶š»š± š¼šš ššµš®š šš¼š š°š®š» š®š³š³š¼šæš±, šš¼š š°š®š» šæš²š®š°šµ š¼šš šš¼ šŗš² š®š»ššš¶šŗš². š'šŗ šµš²šæš² šš¼ šµš²š¹š½ š®š»š± š®š»ššš²šæ š®š»š š¾šš²ššš¶š¼š»š. š
