Realtor®, Home Renovator, Investor, Mom
Buying a house in today’s market might seem daunting with higher interest rates. However, purchasing at a higher rate now with plans to refinance later could be a good strategic move. This approach allows you to lock in the current price of the home and reduce your interest rate (and monthly payments) by refinancing in the future.
In the Philly metro area, the real estate scene is really heating up! Home prices are at a two-year high, with the New Jersey suburbs seeing the quickest rise. Even though more homes are being listed than last year, sales aren’t slowing down – half of the homes are selling in just 9 days or less.
If you’re house hunting in the Philly metro area, brace yourself. It’s a highly competitive housing market right now, thanks to high mortgage rates and a rapid increase in home prices, the quickest we’ve seen since May 2022. The number of homes for sale hasn’t really changed much, keeping prices on the rise. Although fewer homes have been selling compared to last year, the ones that do list are flying off the market in about 20 days or less.
Are you thinking of selling your home? It’s a big decision, and you want to get the best possible deal, right? Well, you might be tempted by those flashy discount realtors promising to save you a few bucks on commissions. But let me tell you, going down that road could end up costing you way more in the long run. Here’s why:
If you’re considering buying or selling in Bucks County in 2024, it’s essential to understand the market dynamics and trends that will shape your experience. Here’s a closer look at what you can anticipate.
