Two Questions To Ask Yourself if You’re Considering Buying a Home #homeprices #mortgagerates #shorts

Are you planning to buy a home but feeling overwhelmed by the information overload about the housing market? In this video, we cut through the noise and provide you with the essential facts you need to make an informed decision. Join us as we explore the top two questions you should ask yourself about home prices and mortgage rates.

Firstly, we examine where home prices are heading. Discover a reliable source, the Home Price Expectation Survey from Pulsenomics, which gathers insights from a panel of economists, real estate experts, and market strategists. We delve into the survey results and discuss the projected trends in home prices. Find out how the worst declines are already behind us and why prices are expected to appreciate in many markets. Gain valuable context about the small depreciation predicted for 2023 and the forecasted appreciation in the years beyond.

Next, we address the crucial question of mortgage rates. Explore the factors that have influenced mortgage rates over the past year and how inflation plays a significant role. Learn why the moderation of inflation is an encouraging sign for the market and mortgage rates. While experts predict a slight pullback in rates over the next few quarters, we emphasize the uncertainty surrounding future rates due to multiple influencing factors.

We then provide you with a lens into possible outcomes based on different scenarios. Discover the advantages of buying now, including beating rising home prices and potentially benefiting from lower mortgage rates. We also discuss the option to refinance your home if rates decrease in the future. Moreover, we highlight the benefits of buying now, even if mortgage rates rise.

To make an informed decision, it is crucial to understand the facts about home prices and mortgage rates. While no one can predict the future with absolute certainty, expert projections offer powerful insights. Connect with us to gain a professional's expert opinion on our local market and ensure you have the information you need to navigate the home-buying process wisely.

Don't let the overwhelming information about the housing market deter you. Watch this video now to gain valuable insights and make an informed decision about buying your dream home.