As we enter another week in the housing market, the latest data shows a trend that we’ve seen for a while now; more homes are coming on the market, but demand still out strips supply. This can be frustrating for those looking to buy, but it’s also a reminder of the fundamental strength of the housing market. People want to buy homes and that’s not likely to change anytime soon.
The good news for buyers is that the bond market has been up recently, which has led to a drop in interest rates. This means that there’s a perfect window right now to find the right home and secure financing at a favorable rate.
Of course, we know the housing market can be unpredictable, there are no guarantees of where interest rates will stay, or where inventory will go to. It is a significant investment, both financially and emotionally, and it requires careful consideration and planning.
As you navigate the current housing landscape, remember to stay informed and reach out so that we can help guide you through the process.
