Matteo Sanchez - Realtor

Personal Finance Tips for Renters Whether you are a first-time or established renter, we’ve collected tips to help you budget, save and grow your credit.

“Is Now a Good Time To Buy a Home?”

🔎 Buying a home is a personal decision in every market. 2023 has thrown us a few curve balls: •Rates climbed over 7%, and the number of homes for sale is less than 50% of pre-covid levels. •Prices are rising in 80% of markets because there are more qualified buyers than homes available.

Many buyers are waiting for rates or prices to drop but is that the right decision? ⏳Timing the market is challenging, and those who wait could regret it. Most experts predict that rates will drop in 2024. However, lower rates mean higher buyer demand and increasing prices, even during a recession.

Since 2010, the average home price has increased from $272,000 to $516,000. Homeowners have 40x the net worth of renters.

Here are a couple of tips to increase certainty in this market:
🏡 Understand your needs. Get clear on your market and what you are looking for.
🏷️ Stay on budget. While we believe rates could drop, ensure you can afford your payment today. If you do refinance, it will be a bonus.
🌟 Be prepared. The market is competitive. Get fully pre-approved and ready to make an offer before you shop.

ᴍᴀᴛᴛᴇᴏ ꜱᴀɴᴄʜᴇᴢ - ʏᴏᴜʀ ꜰʀɪᴇɴᴅʟʏ ʀᴇᴀʟᴛᴏʀ
[ʙᴜʏ | ꜱᴇʟʟ | ʀᴇɴᴛ | ʙᴜɪʟᴅ | ɪɴᴠᴇꜱᴛ]
https://poplme.co/matteorealtor