Why Now is the Time to Buy
I’m sure you’ve been hearing this sentiment from realtors, builders, and experts alike lately: NOW is the TIME to BUY! We’re here to back it up.
The market is balancing out
In 2020 and 2021, it was a seller’s market, with homes flying off the shelves and buyers taking whatever they could get.
2022 brought a sharp decline in sales and power swinging back to the buyer.
2023 has been the most consistent and balanced market we have seen in recent years, which is a hopeful and balanced place to be.
Source: Yahoo Finance via National Association of Realtors
Interest Rates are steadying
In the recent months, interest rates have climbed at an increasing rate. Now, mortgage rates are on the downswing. This past week marked the 4th straight week rates have seen a decline.
New home builders are able to offer great interest rate incentives, that can bring your mortgage rate lower than what is offered on resale homes.
Confidence is on the rise!
“Confidence among U.S. home builders rose slightly in March, the third-straight month builders have increased their optimism about the U.S. housing market”
New home sales rose 1.1% this February, while existing home sales increased 14.5%!
A variety of homes to choose from
With the market steadying, you can now explore a variety of options rather than feeling like you have to take whatever you can get. Whether it’s time to upgrade to that third bedroom or you’re looking for a yard for your pup, Hartford has something for everyone’s wish list.
Ultimately, the decision to begin the new home search is different for everyone. More space, less space, a new location, wanting that three car garage, … The list is endless. But it is always tailored to a need that is not currently being met. This holds more value than any interest rate or balanced market ever could! Let Hartford Homes be a part of your story.