Home prices remain high year-over-year, they’re not as eye-popping as they were earlier this year. How far home prices dip in 2023 will likely depend on where mortgage rates go. Deciding to purchase a home now or wait depends on the buyers current situation. After a couple of red-hot years for the housing market, there are indicators a correction is underway, but it’s been slow-going. At the current sales pace, inventory is at a 3.3-month supply, according to NAR. Purchasing a home in any market—is a highly personal decision. Because homes represent the largest single purchase most people will make in their lifetime, it’s crucial to be in a solid financial position before diving in. Read the entire article here
Comments