Watch the original video: Is buying in 2023 worth the cost? Here's what we found
Many homeowners are seeing their home’s value continue to increase even with interest rates on the rise. In this month’s market update, I’ll inform you on the different opportunities for new buyers and when we could expect rates to drop 👆🏼
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🤔 Will Interest Rates Go Down?
Interest rates have gone up to their highest point in the last six months. This goes to show how durable and stubborn the housing market is. However, even with rates in 6’s and 7’s, the value of homes continue to rise steadily. Because inflation is tied to interest rates, we are hoping to see rates drop as inflation decreases.
🏠First Time Buyer Opportunities
This month, we are excited about a new product that can provide assistance to individuals facing difficulties in buying a home right now. The product offers secure loans that enable buyers to enter the housing market, even as rental prices continue to rise. It serves as a solution for those with limited savings or who don’t have the required 20% for a down payment. With this product, we aim to help more people achieve their dream of homeownership.
👋🏼 Reach out with any questions.
If you have any questions or concerns about these first time buyer opportunities, please don’t hesitate to give me a call. I’m here to help, and I feel very fortunate to have made some amazing connections in my 20+ years in the industry. I hope you and your family are doing well. God bless.
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