Posts

Time in the Market Beats Timing the Market

-
Image
Trying to decide whether it makes more sense to buy a home now or wait? There’s a lot to consider, from what’s happening in the market to your changing needs. But generally speaking, aiming to time the market isn’t a good strategy – there are too many factors at play for that to even be possible. That’s why experts usually say  time in the market is better than timing the market. In other words, if you want to buy a home and you’re able to make the numbers work, doing it sooner rather than later is usually worth it.  Bankrate  explains why:  “No matter which way the real estate market is leaning, though, buying now means you can start building equity immediately.”   Here’s some data to break this down so you can really see the benefit of buying now versus later – if you’re able to. Each quarter,  Fannie Mae  releases the  Home Price Expectations Survey . It asks over one hundred economists, real estate experts, and investment and market strategist...
Post a Comment
Read more

Expert Forecasts for the 2025 Housing Market

-
Image
  Wondering what’s in store for the housing market this year? And more specifically, what it all means for you if you plan to buy or sell a home? The best way to get that information is to lean on the pros. Experts are constantly updating and revising their forecasts, so here’s the latest on two of the biggest factors expected to shape the year ahead: mortgage rates and home prices. Will Mortgage Rates Come Down? Everyone’s keeping an eye on mortgage rates and waiting for them to come down. So, the question is really: how far and how fast? The good news is they’re projected to ease a bit in 2025. But that doesn’t mean you should expect to see a return of 3-4% mortgage rates. As Lawrence Yun, Chief Economist at the  National Association of Realtors  (NAR),  says :   “Are we going to go back to 4%? Per my forecast, unfortunately, we will not. It’s more likely that we’ll go back to 6%.” And the other experts agree. They’re forecasting rates could settle in the mid-...
Post a Comment
Read more