While a 1% jump might not seem like a dealbreaker, it can add roughly for the average home. If you’re on the fence, locking in a rate sooner rather than later could save you thousands over the life of your loan. 2. The Inventory Crunch
Homes are selling faster than last year, with the median age of inventory at just 68 days . 3. Price Appreciation is Slowing (But Not Stopping) is buying a house a good investment 2017
The biggest challenge for buyers in 2017 isn't just price—it's availability. Inventory is down approximately in major metros. Builders are only producing new homes at about 60% of their historical rates , leading to a serious shortage of "starter homes". While a 1% jump might not seem like
While prices aren't expected to drop, the rapid growth we saw in 2016 is expected to cool slightly. Predictions suggest a in home values this year, compared to the 5-6% gains of previous years. This "moderation" is actually a sign of a healthier, more sustainable market, though it means you may not see the same immediate equity jumps as those who bought in 2012. 4. Why It’s Still a "Qualified Yes" The Inventory Crunch Homes are selling faster than
Despite these hurdles, experts from Forbes and Rocket Mortgage argue that buying a home remains a sound long-term strategy for several reasons:
If you are currently using Internet Explorer we recommend you switch to Edge or another supported browser to enjoy the best experience Oatey.com has to offer.