2024 Real Estate Outlook: Seize the Opportunity!
Bryan Moore Group Blog
by Bryan Moore
1w ago
The housing market is expected to flourish in 2024, with 30-year mortgage costs anticipated to decline, inflation stabilizing, and interest rates decreasing. If you’re considering buying a home, now is the perfect time to act. You’ll have less competition for the best properties, and you can avoid the risk of higher costs in the future because housing prices are expected to rise. You may not want to wait for interest rates to drop, as the competition will likely increase, making buying a home even more challenging. Seize the opportunity now while rates are still relatively high. If you’re a ho ..read more
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February Forecast: Love Could be in the Air for Home Buyers
Bryan Moore Group Blog
by Bryan Moore
1M ago
The housing market this year is poised to be challenging for both buyers and sellers due to a combination of high mortgage rates, steep home prices, and low inventory levels. However, there is good news as rates have been cooling off a bit, and if this trend continues throughout the year, as many experts predict, the market activity should heat up in response. Lower mortgage rates will help spur home sales activity, which could drive more sellers to trade their existing homes and help add much-needed inventory to the market. Currently, tight inventory is giving sellers the upper hand, as there ..read more
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2024: A Promising New Year in Real Estate
Bryan Moore Group Blog
by Bryan Moore
2M ago
Amidst the challenges of 2023, marked by towering interest rates and escalating home prices, the housing market’s landscape seems poised for transformation and positive shifts in this new year. Prospective home buyers can look forward to a bright future in 2024. Gradual declines in interest and mortgage rates will provide financial flexibility, particularly with regard to mortgage payments. The steady uptick in new property listings hints at a resurgence of inventory, providing a wider selection of homes in the housing market. On the flip side, 2024 appears to set the stage as a seller’s marke ..read more
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Holiday Home Dreams: Navigating the Housing Market with Confidence and Cheer!
Bryan Moore Group Blog
by Bryan Moore
4M ago
It is highly unlikely that the housing market will crash in 2024, and evidence suggests that home prices will remain stable or moderately increase due to limited inventory and steady demand. Are you thinking of buying a house? Despite the belief that high mortgage rates can be a disadvantage, this is actually an opportunity for you to achieve your dream of owning a home. Purchasing a house during this time can give you an upper hand in negotiations, as there is less competition in the market. Additionally, investing in real estate is a wise long-term decision, regardless of current interest ra ..read more
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Challenging, but not impossible
Bryan Moore Group Blog
by Bryan Moore
5M ago
If you feel ready and are willing to make some compromises, it’s possible to take advantage of this challenging market. Experts say that affordability conditions could improve slightly going into 2024. A growing number of sellers are beginning to slash prices for homes on the market, which could set up a rare buying opportunity for those still looking. While today’s rates are high, low inventory still keeps sellers in the driver’s seat in most markets. Homeowners might want to contemplate selling rather than holding out for an uncertain future. Although market conditions can’t be predicted wit ..read more
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Now could be the time
Bryan Moore Group Blog
by Bryan Moore
6M ago
Fall is one of the best seasons for buyers each year. There’s less competition than in spring and more inventory than in winter. While interest rates do remain high and there is a considerable amount of demand in the housing market, the number of homes for sale has been slowly increasing. Buying now means you can start building equity immediately. It also means avoiding the potential for additional mortgage rate increases later. More home sellers are jumping off the sidelines. Many homeowners are taking advantage of rising home prices and low inventory, counting on being one of the only homes ..read more
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The market is stabilizing
Bryan Moore Group Blog
by Bryan Moore
7M ago
If you’re looking to buy a home in the near future, there is finally some good news for buyers: Home prices are falling around the country. The median home price in the second quarter saw a year-on-year decline of 2.4% This decrease in prices, along with the rise in jobs and incomes, has contributed to the easing of affordability challenges. For sellers, home values skyrocketed over the course of the pandemic, so selling now is likely a wise financial decision. Despite prices coming off their June peak, most homeowners stand to make large profits if they sell their home, even in today’s market ..read more
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Don’t miss this chance
Bryan Moore Group Blog
by Bryan Moore
9M ago
Despite uncertainty in the economy and the housing market right now, there is little to suggest that the housing market is poised for a crash. Mortgage rates have pulled back enough to get both current and potential homebuyers into the market. Many of these homebuyers are turning to new home construction as existing inventory remains low and mortgage rates begin to stabilize. An uptick in housing affordability in the first quarter of 2023 corresponds to a rise in builder sentiment over the same period. Many builders are tailoring the construction of new homes towards first-time buyers. Thinkin ..read more
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Summer of Opportunity
Bryan Moore Group Blog
by Bryan Moore
10M ago
If you have been waiting for prices to drop, this summer may be the right time to buy your dream home. The housing market has shifted to be more buyer-friendly, even though sellers still hold a lot of cards. For prospective homebuyers right now, the market conditions are much less competitive than they were earlier this year. This offers an opportunity for buyers to not have to compete with other buyers and potentially even get a discount off the list price. While today’s mortgage rates are still high, low inventory is keeping sellers in the driver’s seat in most markets. With the summer home ..read more
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Spring into action
Bryan Moore Group Blog
by Bryan Moore
11M ago
With ongoing financial cloudiness, it’s hard to predict how the economy and housing market will perform. For now, housing prices are coming back down to earth. For buyers, dropping prices means a greater opportunity to purchase the home they’ve been waiting for. Looking to sell? Typically, homeowners who list their homes in the spring can take advantage of higher buyer demand. Despite prices dropping, most homeowners stand to make large profits if they sell their home – even in today’s market. For many, home values skyrocketed over the course of the pandemic, so selling now could be a wise fin ..read more
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