Moving is rough and considered one of the most stressful experiences people can go through. That stress can intensify when moving thousands of miles across the country. You may need to move for work or family obligations, or maybe your company is making remote work permanent and you can live in an idyllic hideaway.
There are obvious reasons, both from a financial standpoint and for aesthetics. For example, the homebuyer won’t be living in a house previously occupied by strangers and may have all the latest energy- and cost-saving features.
The combination of rising interest rates, persistent inflation, and continued home-price increases means the start of a transitional period and lower competition in the housing market, predict economists including Lawrence Yun, chief economist at the National Association of Realtors. Don’t expect it to become an outright buyer’s market anytime soon, however.
The combination of rising interest rates, persistent inflation, and rising home-prices means the start of a transitional period and lower competition in the housing market, predict economists including Lawrence Yun, chief economist at the National Association of Realtors. Don’t expect it to become an outright buyer’s market anytime soon, however.
If you want to buy a house in the next 12 months – you’ll need some hard work and a bit of luck. But you can improve your help your chances of success, and your wallet, with a plan.
Houses are rocketing in price and demand has been outpacing supply, spurred on by low interest rates and the fear that they will rise significantly through 2022. This is leaving prospective home buyers scrambling to find something affordable. But there are sensible strategies that can help you stay sane and in the game.
