Sep 2, 2021
Summary
Are you looking to dive into the housing market? If so, mortgage
expert Debbie Bloyd advises you to buy now, as rates could go up
more in the next year. Currently we are seeing more people buying
at increased rates—surpassing asking prices. As families and the
lives of many are changing, the housing market is changing as well.
It’s time to get informed on what you need to do in order to enter
the market and find what you’re looking for. Tune in to get useful
pointers from an expert on what is happening in the industry, and
what we can expect in the next few months.
Highlights
-The market is down; mortgage rates are lower
-In terms of the housing market, will lower rates really improve
housing?
-A lot of people have become disenchanted with the bidding system
and we need to reset people’s expectations of how it is going to
be
-If you’re going to buy, you should buy now—rates could go up more
next year
-The numbers are up in the top 20 cities in the US. You could be
paying 12% more than you did last year
-More people are buying at an increased rate because people are
surpassing asking prices; individuals are buying no matter what
-People are reducing prices in some areas, especially Florida
-A lot of people want to list for more, even if their house doesn’t
necessarily back the price
-It can be good for a house to be move-in ready—not all buyers want
to move in and start renovations right away
-Families are changing a lot right now, which means that the
housing situation is also changing
-We are also seeing many changes in how we do business
-A house is not a right; it’s a privilege and you need to have the
credit/income/qualifications in order to get what you are looking
for
-You may have to relocate to get the property you are looking for;
it’s important to be willing to expand your range
-If you want to get in the market, get in now!
-Loans are available, but not everyone is a good candidate
Useful Links:
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