- Interest rates
have come a long way in the last 30 years.
- The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget.
- Interest rates are at their lowest in years.
- If buying your first home, or moving up to the home of your dreams is in your future, now may be the time to act.
This is the 48th consecutive month with year-over-year price gains.
Lawrence Yun, NAR’s Chief Economist says that, “The main issue continues to be a supply & affordability problem. Finding the right property at an affordable price is burdening many potential buyers.”
Inventory is still below historic normals at a 4.4 month supply.