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Why Now is the Time to Buy

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.