Spring is right around the corner, and if you’re thinking about buying or selling a home, you’re probably wondering what the housing market is going to look like this year. In January, existing home sales slowed due to cold weather, low inventory, and elevated mortgage rates. However, warmer weather and the end of the school year always brings an increase in real estate activity. The peak home buying and selling season is spring and early summer. If you’re thinking of buying or selling a home, now is the time to prepare. Let’s dive into the housing forecast and what it means for you!
Feeling Stuck in Your Home?
Many homeowners are experiencing what the real estate industry calls the mortgage rate lock-in effect. They want to move, but they’re reluctant to give up their low interest rates. Here’s something worth considering, though: You may have more buying power than you realize.
