3 Things To Know About Today's Housing Market!
As you know, there is chaos in our world today. Whether it's a badly needed orchestrated change or unchecked pandemonium is the topic for someone else's blog. But you can't deny it exists. And it is having a direct impact on the housing market. The reality is: some of it is positive and some of it may be negative. Here are three areas of the housing market that are critical for you to understand: interest rates, building materials and the outlook for an economic slowdown. 1. Interest Rates Without argument, one of the most important things to consider when buying a home is the interest rate you will be charged to borrow your money. In a recent blog of mine, I explored the questions, "Mortgage Rates: How Low Will They Go?" The latest information from Freddie Mac seems to say lower rates are here to stay for the near future. We are currently at a 21 month low in interest rates. 2. Building Materials The reality of tariffs and the threat