What an Economic Slowdown Could Mean for the Housing Market
Talk about the economy is all over the news, and the odds of a recession are rising this year.
Talk about the economy is all over the news, and the odds of a recession are rising this year.
For a long time, the housing market was all sunshine for sellers. Homes were flying off the shelves, and buyers had to compete like crazy.
When it feels like the cost of just about everything is rising, it’s only natural to wonder what that means for the housing market.
It’s not really a surprise that 70% of buyers paused their home search last year. Maybe you were one of them. And if so, no judgment. Conditions just weren’t great.
At some point, you’ve probably heard the saying: “Yesterday was the best time to buy a home, but the next best time is today.”
Let’s talk about something you might not check nearly as often as your bank account – and that’s how much your home is worth.
Have you seen where mortgage rates have been lately?
According to Realtor.com, the best week to list your house this year was April 13–19.
If buying a home is on your radar – even if it’s more of a someday plan than a right now plan – getting pre-approved early is still one of the smartest moves you can make.
If you’ve been scrolling through social media or watching the news, you might have seen some pretty scary headlines yourself.