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Why Not to Wait Until Spring to Make a Move

January 5, 2021 By Tami Savage

Why Not to Wait Until Spring to Make a Move

The housing market recovery coming into the new year has been nothing short of remarkable. Many experts agree the turnaround from the nation’s economic pause is playing out extremely well for real estate, and the current market conditions are truly making this winter an ideal time to make a move. Here’s a dive into some of the biggest wins for homebuyers this season.

1. Mortgage Rates Are Historically Low

In 2020, mortgage rates hit all-time lows 16 times. Continued low rates have set buyers up for significant long-term gains. In fact, realtor.com notes:

“Given this means homes could cost potentially tens of thousands less over the lifetime of the loan.”

Essentially, it’s less expensive to borrow money for a home loan today than it has been in years past. Although mortgage rates are expected to remain relatively low in 2021, even the slightest increase can make a big difference in your payments over the lifetime of a home loan. So, this is a huge opportunity to capitalize on right now before mortgage rates start to rise.

2. Equity Is Growing

According to John Burns Consulting, 58.7% of homes in the U.S. have at least 60% equity, and 42.1% of all homes in this country are mortgage-free, meaning they’re owned free and clear.

In addition, CoreLogic notes the average equity homeowners gained since last year is $17,000. That’s a tremendous amount of forced savings for homeowners, and an opportunity to use this increasing equity to make a move into a home that fits your changing needs this season.

3. Home Prices Are Appreciating

According to leading experts, home prices are forecasted to continue appreciating. Today, many experts are projecting more moderate home price growth than last year, but still moving in an upward direction through 2021.

Knowing home values are increasing while mortgage rates are so low should help you feel confident that buying a home before prices rise even higher is a strong long-term investment.

4. There Are Not Enough Homes for Sale

With today’s low inventory of homes on the market, which is contributing to this home price appreciation, sellers are in the driver’s seat. The competition is high among buyers, so homes are selling quickly.

Making a move while so many buyers are looking for homes to purchase may mean your house rises to the top of the buyer pool. Selling your house before more listings come to the market in the traditionally busy spring market might be your best chance to shine.

Bottom Line

If you’re considering making a move, this may be your moment, especially with today’s low mortgage rates and limited inventory. Let’s connect to get you set up for homebuying success in the new year.

Tagged With: First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing

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Free eGuide. Things to Consider When Selling Your House. Send me this eGuide.

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Baby Boomers Buying Myths Community Demographics Distressed Properties Downloadable Down Payments First Time Home Buyers Forbearances For Buyers Foreclosures For Sale By Owners For Sellers FSBOs Garden Generation X Generation Z Gen X Gen Z Holidays Home Household Management Housing Market Updates Infographics Interest Rates Interview Investors Lifestyle Luxury Market Millennials money Move-Up Buyers moving New Construction Pricing relocation Remodel Rent vs Buy Report Reviews Selling Myths Senior Market Short Sales Veterans Video

Designations & Certifications

🍁 Home prices got you puzzled? It's all about s 🍁 Home prices got you puzzled? It's all about seasonality! 📊 While some say prices are dropping, the truth is, they're just following the usual yearly pattern.

🌸 𝐒𝐩𝐫𝐢𝐧𝐠 = Peak demand
☀️ 𝐒𝐮𝐦𝐦𝐞𝐫 = High activity
🍂 𝐅𝐚𝐥𝐥/𝐖𝐢𝐧𝐭𝐞𝐫 = Slower growth

It's normal, and it's happening now. No drastic drops, just a more moderate rise. For the real scoop on local home prices and how this impacts your plans, DM me.

#HomePrices #MarketSeasonality #RealEstateFacts #DontBelieveTheHype #HomeBuyingAndSelling
Feeling lost in the housing market buzz? 🌐 Let’s break down the big three questions:
📈 Mortgage Rates: Expected to stabilize as inflation eases.
🏠 Home Prices: Still growing, but at a more normal pace.
💬 Recession Talk: Becoming less likely according to experts.

Navigating the market doesn’t have to be confusing. DM me to discuss your real estate plans as we approach the new year.

https://tamisavage.com/are-the-top-3-housing-market-questions-on-your-mind/
📈 Home inventory update! While there's a bit mo 📈 Home inventory update! While there's a bit more on the market now, we're still far from pre-pandemic levels.

𝐓𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐨𝐟 𝐛𝐮𝐲𝐢𝐧𝐠? More options, but stay ready for competition.
𝐑𝐞𝐚𝐝𝐲 𝐭𝐨 𝐬𝐞𝐥𝐥? It's still a great time to make your move.

Let’s talk strategy for today’s market. DM me for the latest insights and personalized advice!
Ever wonder if big investors are scooping up all t Ever wonder if big investors are scooping up all the homes? 🏡🔍 Here’s the breakdown: Out of 82 million single-family homes in the U.S., most are owned and lived in by individuals, not investors.

👉 Don’t let the myths scare you. There’s room for you in the housing market. Questions? DM me for real insights and guidance on your path to homeownership.

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🎁✨ Thinking of selling your home this holiday 🎁✨ Thinking of selling your home this holiday season? Here's why you shouldn't wait:

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2. Less competition, more demand.
3. Control over showing times.
4. Holiday cheer adds a special touch.

Ready to make a move? DM me to find out how we can get your home on the top of buyers' wish lists this season.

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🔮🏠 Wondering what 2024 has in store for the 🔮🏠 Wondering what 2024 has in store for the housing market? Experts say home prices are on the rise, and sales are set to increase too!

For those buying or selling, this means more opportunities and a robust market. Let's make your home dreams a reality next year. DM me to discuss the latest forecasts and plan your move!

See the infographic: https://tamisavage.com/2024-housing-market-forecast-infographic/
🏠💡 Yes, mortgage rates are higher, and yes, 🏠💡 Yes, mortgage rates are higher, and yes, home prices are up. But homes are still selling — fast! Did you know about 8 houses are sold every minute in the U.S.?

In today's market, a great agent is your key to success. I’m here to guide you through the buying or selling process, making sure your dreams don't stay just dreams. 🌟

DM me to discuss how we can make your move happen!

Full Article: https://tamisavage.com/people-are-still-moving-even-with-todays-affordability-challenges/

#RealEstateGoals #MarketInsights #HomeBuying #HomeSelling #NavigateTheMarket
Ready to leap into the 2024 housing market? 🏠✨ Expert forecasts suggest ongoing home price appreciation, though at a gentler pace, and a slight uptick in sales.

Whether you're eyeing a new home or considering selling, understanding the market trends is key. Let's discuss your options and make informed decisions for your future home dreams. 🚀

DM me for insights and guidance tailored to your needs!

Full article: https://tamisavage.com/the-latest-2024-housing-market-forecast/
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Data Source: 
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