Some of the first things we look at when determining a favorable seller’s and buyer’s market are employment, income, and consumer confidence levels. Those 3 points combined with current rates and loan programs give us an excellent sense of how big the opportunity is for you.
Here’s what current trends are telling us.
With current rates on the lower end of the scale, it’s an excellent time to buy. However, first-time homebuyers may encounter competition. With baby boomers looking to size down and builders slow to switch from larger homes to starter homes, first-home home shoppers should prep for smart bidding.
Nonetheless, it’s still a favorable time to buy a first home.
Other than the market and rates going in your favor, there are other things home shoppers need to remember:
Other the market, other points to consider when looking to sell your home are:
The housing market in 2020 is looking great for both sellers and buyers --that is, for those that act now. While rates are relatively steady, even a small change upward could cost you hundreds of dollars more. Why not lock it in now and have the peace of mind of an affordable mortgage?
Call us today to get matched with your best loan option.
All loan approvals are conditional, not guaranteed and subject to lender review of all information. Loan is conditionally approved when lender has issued approval in writing, but until all conditions are met, loan cannot be funded. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender. In California, This licensee is performing acts for which a real estate license is required. C2 Financial Corporation is licensed by the California Bureau of Real Estate, Broker # 01821025; NMLS # 135622. For state licensing information outside of California, click here. C2 Financial Corporation is approved to originate VA and FHA loans, and has the ability to broker such loans to VA and FHA approved lenders. C2 Financial Corporation is not acting on behalf of or at the direction of HUD/FHA or the VA.