Are you thinking about moving but unsure if now is the right time? Here are the top 3 reasons why today’s shifting market could be your best opportunity! Number 1 - there are more homes to choose from! The housing market is opening up with more options than ever before. Compared to last year, there are 36.6% more homes actively for sale, giving you more choices to find the perfect home. So, whether you’re looking for a cozy beach house or a spacious family home, you have a much better chance of finding exactly what you want!
Number 2 - New homes are more affordable! Builders are highly motivated to sell, and this is making new homes more affordable than ever. In fact, the national average sales price for a newly built home is $416,400—lower than the average price for an existing home, which is $424,500. You could get a brand-new home with all the latest features for less!
Number 3 - Mortgage rates are coming down! And here's some great news—mortgage rates are trending down! Last October, rates were as high as 7.79%, but now, in August 2024, they're down to 6.49%. This decrease means your monthly payments could be significantly lower, making it more affordable to purchase your dream home.
Now is a great time for buyers who have been waiting for more favorable conditions. Contact us today to explore your options and find out how you can benefit from the current market. Real Estate with a Purpose. Where we put our clients and community first!
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