{"id":7911,"date":"2022-12-07T11:00:43","date_gmt":"2022-12-07T11:00:43","guid":{"rendered":"https:\/\/thezakariagroup.com\/key-advantages-of-buying-a-home-today\/"},"modified":"2022-12-07T11:00:43","modified_gmt":"2022-12-07T11:00:43","slug":"key-advantages-of-buying-a-home-today","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/key-advantages-of-buying-a-home-today\/","title":{"rendered":"Key Advantages of Buying a Home Today"},"content":{"rendered":"
\n

\"Key<\/p>\n

There\u2019s no doubt buying a home<\/a> today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who\u2019ve thought about buying but have sidelined their search due to rising mortgage rates.<\/span><\/p>\n

Buying a home<\/a> in any market is a personal decision, and the best way to make that decision is to educate yourself on the facts, not following sensationalized headlines in the news today.\u00a0 The reality is, headlines do more to terrify people thinking about buying a home than they do to clarify what\u2019s actually going on with real estate.<\/p>\n

Here are three reasons potential homebuyers should consider buying a home today.<\/p>\n

1. More Homes Are for Sale Right Now<\/strong><\/h4>\n

According to data<\/a> from the National Association of Realtors<\/em> (NAR), this year, the supply of homes<\/a> for sale has grown significantly compared to where we started the year (see graph below<\/em>):<\/p>\n

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

\u00a0<\/p>\n

This growth has happened for two reasons: homeowners listing their homes for sale and homes staying on the market a bit longer as buyer demand has moderated in response to higher mortgage rates.<\/p>\n

The good news for you is that more inventory means more homes to choose from. And when there are more homes on the market, you could also see less competition from other buyers because the peak frenzy of competing over the same home has eased too.<\/p>\n

2. Home Prices Are Not Projected To Crash<\/strong><\/h4>\n

Experts don\u2019t believe home prices will crash<\/a> like they did in 2008. Instead, home prices<\/a> will moderate at various levels depending on the local market and the factors, like supply and demand, at play in that area. That\u2019s why some experts are calling for slight appreciation and others are calling for slight depreciation (see graph below<\/em>):<\/p>\n

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

If you consider the big picture and average the expert forecasts for 2023 together, the expectation is for relatively flat or neutral price appreciation next year. So, if you\u2019re worried about buying a home because you\u2019re afraid home prices will crash like they did in 2008, rest assured that\u2019s not what expert projections tell us.<\/p>\n

3. Mortgage Rates Have Risen, but They Will Come Down<\/strong><\/h4>\n

While mortgage rates<\/a> have risen dramatically this year, the rapid increases we\u2019ve seen have moderated<\/a> in recent weeks as early signs hint that inflation may be easing slightly. Where they\u2019ll go from here largely depends on what happens next with inflation. If inflation does truly begin to cool, mortgage rates may come down as a result.<\/p>\n

When that happens, expect more buyers to jump back into the market. For you, that means you\u2019ll once again face more competition. Buying your house now before more buyers reenter the market could help you get one step ahead. As Lawrence Yun, Chief Economist for NAR, says<\/a>:<\/p>\n

\n

\u201cThe upcoming months should see a return of buyers, as mortgage rates appear to have already peaked and have been coming down since mid-November<\/em>.\u201d<\/p>\n<\/blockquote>\n

When mortgage rates come down, those waiting on the sidelines will jump back in. Your advantage is getting in before they do.<\/p>\n

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

If you\u2019re thinking about buying a home, you should seriously consider the advantages today\u2019s market offers. Let\u2019s connect so you can make the dream of homeownership a reality.\u00a0 <\/strong><\/p>\n<\/div>\n

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

There\u2019s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who\u2019ve thought about buying but have sidelined their search due […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[110,98,99,102,101],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nKey Advantages of Buying a Home Today - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/key-advantages-of-buying-a-home-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Key Advantages of Buying a Home Today - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"There\u2019s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. 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