If you’re wondering if it’s the right time to buy a home, you should know you have an opportunity to grow your wealth, stabilize your expenses, and benefit from more options for your home search this fall.
1. The Number of Homes for Sale Is Increasing
While the number of homes for sale is still low compared to pre-pandemic norms, there is good news for your home search. The number of homes for sale has grown considerably this year. As the National Association of Realtors (NAR) says:
“It’s very promising that housing inventory is improving. There are nearly 30% more homes available for sale compared to January.”
If you begin your search now and work with a trusted real estate advisor, you’ll be in a great spot to benefit from those additional options to help you find your dream home.
2. Home Prices Are Appreciating More Moderately
If you’re waiting to buy because you think home prices will fall, you should know experts say that’s not projected to happen. According to the latest forecasts, experts project home prices will keep appreciating nationally, just at a more moderate pace than they did over the past year. The good news is, once you do buy a home, any ongoing appreciation will help grow the value of your investment.
There’s no denying the housing market is undergoing a shift this season, but that shift actually gives you some unique benefits when you sell. Here’s a look at the key opportunities you have if you list your house this fall.
3. Homeownership Can Grow Your Wealth
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