Your Home Equity Can Offset Affordability Challenges

Are you thinking about selling your house?
An important factor shaping today’s market is the number of homes for sale.
Holding off on selling your house because you believe there aren’t any buyers out there?
One question that’s top of mind if you’re thinking about making a move today is: Why is it so hard to find a house to buy?
If you’re planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment.
Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options?
If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates.
Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023.
Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low.
Your equity grows as you pay down your home loan and as home prices increase. With home prices rising again, your equity is getting an extra boost.