Inflation & The Housing Market: What buyers & sellers should consider now
Selling Your Home
Pro's: The pandemic has shifted priorities for a lot of homebuyers, and many newly-minted remote workers sought out more space. Although more people wanted to move, the number of listings did not keep up, which forced prices up — a great thing for sellers.
Con's: Selling may seem easier than finding another home, especially for people looking to downsize, because they may find themselves in an even more competitive market segment.
Buying a Home
Pro's: The market is stable and hasn’t been driven by investors, flippers and bad mortgages. It’s been driven by legitimate buyers who are more flexible to determine where they live.
Con's: If you were planning to buy a home in the future, you may not be able to afford to stay on the sidelines for much longer with projected mortgage rates rising further.
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