First time buyer 2022 report from the National Association of Realtors shows that first time buyers decreased, starting June 2022 as for interest rates put many on the fence to figure our a plan. Many did not have enough money saved and credit score was marginal, however there are many homes for sale across the nation. Many first time buyers got fed up with rising monthly rental price which was out of their control and receiving nothing for it. Many landlords were taking advantage of the economy disregarding the income of the tenant. These new buyers make up about 25-26 percent of the country home purchasing.
Many first time buyers are now finding out that their distance has to be expanded at lease another fifteen miles from preferred demographic area. This decision was to stay within their pre-qualification along with rising prices. Yes this makes a huge difference in the price of the home. A remedy that a first time buyer has, is to buy their interest rate down to stay qualified and in the game. This is why it is imperative to have money saved because these type of occurrences can mysteriously appear. If purchasing new construction many preferred lenders have been flexible with different loan packages that can get you in the home. Every buyer scenario is different and may or may not work. Housing affordability is now the big word over the last two years and many homeowners gained almost double the equity as per their original purchase price. Click link to learn more about home equity /HOME-EQUITY---32819---32836---Orlando-Florida-6-20253.html
As a trusted advisor, professional and military veteran I am here to serve you and always on the pulse of the housing market for the Dr Phillips area and all Central Florida. Contact Kevin Strawter today at 850 496-6412 and stay educated in this volatile housing market to purchase or for the sale of your home. Don't let the shifting market delay your dreams. Data reports home values typically appreciate over time, with that said it gives your net worth a healthy boost. If you are ready to start you your journey to home ownership, reach out and stay connected to a me today. click link to know more about Kevin /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html