The housing market may be thawing out as interest rates dip and listings inch higher. Potential home buyers are increasingly feeling more comfortable to begin searching for that perfect home. Home prices have been stabilizing since the start of the year and with the current interest rates remaining below average, many are feeling more confident to begin the process of buying a house.
Finding quality listings remain a challenge since the start of the pandemic, however, this is improving as sellers are increasingly putting their homes on the market. Responsible mortgage lenders have also been more lenient with their loan qualifications allowing more potential home owners to qualify for a loan.
As the market continues to thaw, buyers are urged to be proactive in their search for the perfect house. With competition being higher for available homes, buyers must be ready to act quickly when they find the right home for them. Also, buyers should use the current market situation to their advantage and leverage the low interest rates available in order to save on overall costs.
