This is a tough market for buyers as many already know, and that housing market is even more combative, however over half reported by Bank of America 2023 homebuyer insights report still want to pursue to purchase the American dream home. Click link to learn more https://newsroom.bankofamerica.com/content/dam/newsroom/docs/2023/BofA_HBIR_Landing2023_Wave1_R4_AB.pdf
Many are making plans to ensuring their credit scores that much more higher to assume the best going interest rate. Along with saving money for down payment and closing costs. The goal is to escape the rental trap. Click link to learn more /RENTAL-TRAP---32819---32836---Dr-Phillips-6-23993.html
You still have many on the fence watching the housing market inventory along with the rising interest rates. These homebuyers are grasping the concept of a stable monthly payment which is commonly the biggest expense each month.
Many buyers are waiting for lower home prices. Click link to learn more /LOWER-HOME-PRICES---32819---32836---Dr-Phillips-6-25342.html
This is less likely to happen in many areas due to housing inventory is low and still in predominantly a seller market. What helps in this case is that more new construction needs to be built to offset the existing home being listed for sale which lifts the burden. Homeownership is even more vulnerable in America due to existing economic crisis. Click link to learn more /HOMEOWNERSHIP-IN-2023---32819---32836---Dr-Phillips-6-24543.html
As it stands, interest rates are combatant prices to go down as well as inflation and current home prices are combatant interest rates to come down. Seek you trusted advisor for more details.
As a trusted advisor, professional realtor and retired veteran I am here to serve you and on the pulse of the Dr Phillips and Central Florida housing market. Always stay in tuned, educated and connected in this volatile housing market to purchase or for the sale of your home. In the absence of trustworthy up to date information whether it's a housing crisis or local housing market, real estate decisions are increasingly driven by fear, uncertainty and doubt. We as trusted advisors drive the real estate community and always preaching the truth of real estate. I emphasize that education is a must for the community to ensure you are making the right decision. Don't let this shifting housing market delay your dreams, data reveals home values typically appreciate over time and that gives your net worth a nice boost. When you are getting help with a home, look for your realtor with the heart of a teacher. If you are ready to start your journey, contact me today at 850 496-6412 to help begin a new walk to home ownership and all your real estate needs.