Love or Lust: Ways to Know a House Is the One
Whether you're a first-time home buyer or looking for your forever home, purchasing a house can be a daunting task and the fear of buyer's remorse can cause serious anxiety.How do I know this house is right for me? What should I be considering when purchasing? How do I avoid the dreaded buyer's remorse? These are all valid questions one could ask before entering into a purchase or sale agreement.Here are some things you'll want to consider before making that decision:
The Housing Market is Strong
Late last year, analysts were betting on a break from the hot housing market, which had begun to breed concerns of instability. How long could prices really run up?
The consensus was strong: Expect interest rates to rise to 5 percent—possibly 6 percent—appreciation to crawl, and inventory to stir. And that buyer's market?Not in the cards—yet. We're in a decidedly different housing market today, and according to an amended forecast newly published by realtor.com®, there'll be better outcomes for prices, rates and sales than we thought.