{"id":7837,"date":"2022-08-25T10:00:09","date_gmt":"2022-08-25T10:00:09","guid":{"rendered":"https:\/\/thezakariagroup.com\/why-you-may-want-to-start-your-home-search-today\/"},"modified":"2022-08-25T10:00:09","modified_gmt":"2022-08-25T10:00:09","slug":"why-you-may-want-to-start-your-home-search-today","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/why-you-may-want-to-start-your-home-search-today\/","title":{"rendered":"Why You May Want To Start Your Home Search Today"},"content":{"rendered":"
\n

\"Why<\/p>\n

If you\u2019re thinking about buying a home<\/a>, you likely have a lot of factors on your mind. You\u2019re weighing your own needs against higher mortgage rates<\/a>, today\u2019s home prices, and more to try to decide if you want to jump into the market. While some buyers may wait things out, there\u2019s a reason serious buyers are making moves right now, and that\u2019s the growing number of homes for sale.<\/span><\/p>\n

So far this year, housing inventory<\/a> has been increasing and that\u2019s making the prospect of finding your dream home less difficult.\u00a0While there are always reasons you could delay making a big decision, there are also always reasons to consider moving forward. And having a growing number of options<\/a> for your home search may be exactly what you needed to feel more confident in making a move.<\/p>\n

What\u2019s Causing Housing Inventory To Grow?<\/strong><\/h4>\n

As new data comes out, we\u2019re getting an updated picture of why housing supply is increasing so much this year. As Bill McBride, Author of Calculated Risk<\/em>, explains<\/a>:<\/p>\n

\n

\u201cWe are seeing a significant change in inventory, <\/strong>but no pickup in new listings. Most of the increase in inventory so far has been due to softer demand \u2013 likely because of higher mortgage rates.\u201d<\/em><\/p>\n<\/blockquote>\n

Basically, the inventory growth is primarily from homes staying on the market a bit longer (known as active listings<\/em>). And that\u2019s happening because higher mortgage rates and home prices<\/a> have helped moderate the peak frenzy of buyer demand.<\/p>\n

The graph below uses data<\/a> from realtor.com<\/em> to show how much active listings have risen over the past five months as a result (shown in green<\/em>):<\/p>\n

\"Why<\/a><\/p>\n

Why This Growth Is Good News for You<\/strong><\/h4>\n

Regardless of the source, the increase in available housing supply is good for buyers. More housing supply actively for sale means you have more options as your search for your next home. A recent article<\/a> from realtor.com<\/em>\u00a0explains just how significant the inventory growth has been and why it\u2019s good news for your plans to buy:<\/p>\n

\n

\u201cNationally, the inventory of homes actively for sale on a typical day in July increased by<\/em><\/strong> 30.7% over the past year, the largest increase in inventory in the data history and higher than last month\u2019s growth rate of 18.7% which was itself record-breaking.<\/em><\/strong> This amounted to 176,000 more homes actively for sale on a typical day in July compared to the previous year and more choice for buyers who are still looking for a new home.<\/em>\u201d<\/p>\n<\/blockquote>\n

The growth this year is certainly good news for you, especially if you\u2019ve had trouble finding a home that meets your needs. If you start your search today, those additional options should make it less difficult to find a home than it would have been over the past two years.<\/strong><\/p>\n

Bottom Line<\/strong><\/h3>\n

If you\u2019re ready to jump into the market and take advantage of the increasing supply of homes for sale, let\u2019s connect today. The opportunity is knocking, will you answer?<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019re thinking about buying a home, you likely have a lot of factors on your mind. You\u2019re weighing your own needs against higher mortgage rates, today\u2019s home prices, and more to try to decide if you want to jump into the market. 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