Every neighborhood can vary in market conditions depending on location, price point, schools, amenities and much more. Most markets I understand have low inventory which makes it better for seller, though interest rates climbing causing buyers to afford less makes for an interesting market. Most areas have less sells then previous months but still quite active.
Felipe, while markets vary depending on the area you are in, overall we are in a bit of a cautious market. There is limited inventory in most areas, and that and the higher interest rates make sellers leary about putting their home on the market and not being able to find their next property. Buyers are also cautious due to interest rates and competitiveness for the properties on the market. It is still wise to stay active in the market to keep abreast of what is going on in your particular geography and this trend can change very quickly.
For many Americans, buying a house seems like a dream that is out of their reach if they don’t have a lot of money saved or have a high income level.
Most people under the age of 35 have a median savings of $5,400, which is usually set aside for their emergency fund. Fortunately, you can still buy a house if you are working on your down paym
Applying for a mortgage is an important part of buying a house, but many people are confused by this process. One study found that 78% of people thought shopping around for a mortgage was at least moderately challenging, while 29% said securing a mortgage was harder than toilet training a child.
Understanding the mortgage application process c