Fall Housing Market Update

Buy now or wait! This is the question on all potential homebuyers’ minds this fall. Over the past few weeks, the mortgage interest rates have soared to a 14-year high. Excessive government spending combined with surging energy costs and rising inflation has caused many would-be homebuyers to lean toward the wait side of that argument. But is this really a bad time to purchase a new home? Maybe not.

First, there is no way to predict the bottom of home prices for any recession. If the economy continues to struggle, it’s likely that home prices will continue to drop, offering better sales prices. But at the same time, inflation is still rising, and the Federal Reserve has clearly indicated they will raise interest rates as needed to cool this trend. This means that while home prices may come down some, the cost to borrow money will also rise; for homebuyers on the fence, they are hoping that the lower sales price will outpace the rising interest rates.

The truth is there is no way to know this.

Therefore, is this a good time to buy a home? Yes, if the home buyer finds the right home. There are three important things to consider. One, rising inflation will affect rent prices and a stable mortgage payment is a great hedge against increased housing costs. Two, buying a home allows the new homeowner to start building equity immediately. Finally, a mortgage can be refinanced when the economy recovers, home values recover, and interest rates come down. So, potential homebuyers should not shy away from buying a home, if they find the right fit for their needs.

Would You Buy a Haunted House?

With the spooky season just around the corner, we thought it would be fun to get your opinion on whether or not you’d buy a house if they claimed that there was an eerie presence living in their home. So let’s see how many think this… Some people might think that buying a haunted house is a bad idea. But there are actually some benefits to owning a property that is said to be haunted. For one, you could potentially get a discount on the purchase price. And secondly, you may find that living in a Haunted House can be an interesting and exciting experience. If you’re thinking about buying a Haunted House, there are a few things you need to keep in mind. First of all, you’ll need to be prepared for the possibility that the house may actually be haunted. This means that you’ll need to be open-minded and willing to accept that there could be ghosts or other supernatural activity taking place in the home. You’ll also need to be prepared for the fact that a Haunted House may require some extra maintenance and care. This is because you’ll need to take steps to ensure that the ghosts or other supernatural activity doesn’t cause any damage to the property. If you’re willing to take on these challenges, then buying a Haunted House can be a great experience. Just be sure to do your research and be prepared for the potential challenges that come with owning a Haunted House.