October 12, 2022

By Isabel Guzman, Realtor®

Buyers' biggest question this Fall: Are we in a good position to buy? 

The answer is all here. Check out the latest Market Update below!  ⬇⬇

Video Transcription

Are buyers still in a good position to buy this Fall? 

Now that summer has come to an end and Fall is here, WHAT…… are the experts saying about the housing market for  for buyers for Fall 2022. The question is,...... is it still a good time for me to buy?

Well, the short answer is YESSS. 

Hi, I’m Isabel Guzman Broker Associate and Realtor wtih  eXp Realty here to tell you the Fall housing market looks promising for buyers. 

According to Lisa Sturtevant, Housing Economist for Freddie Mac and I quote, “After the end of summer lull, and as mortgage rates stabilize, we may see a return of buyers and a relatively strong fall housing market.” While interest rates have gone up, much to the buyer's advantage they are still historically low. AND along with increased inventory, more options continue to become available to homebuyers in a market that is still competitive but not one where a homebuyer is continuously outbid. 

This in turn, gives buyers the opportunity to purchase while experiencing seller concessions that may not have been available the last couple years. This can include closing cost credits, buy rate downs and sellers covering cost of repairs. 

Also, if you are considering buying, please consider this short list of things to concentrate on to put you in a better position: Good credit score, personal savings, down payment, debt to income ratio and loan type. Combine this with more inventory, you as a homebuyer are in a better position to purchase and may have more room for negotiation depending on what the home was originally listed for. But as always, consult your experienced real estate professional for expertise, insight and market updates. Experience in a market like this is now more important than ever. 

Please feel free to reach out to me today so we can better serve you through this buying process and help you find the home of your dreams. 

I’m Isabel Guzman with the Colibri Group, bringing you home.