What can homebuyers expect in 2024? Here are some predictions:
• Forecasters predict home values might climb about 6.5% in 2024, pointing towards a more stable market.
• However, there's a hitch—mortgage rates might not cool down much.
• And if rates drop substantially, it might create a rush of buyers, pushing housing prices up.
Finances: Check if you're ready for the long haul of owning a home. Look at your income, savings, and debts.
Life Plans: Think about your family size, where you want to live, and any big changes coming up in your life.
Budgeting: Make sure you've got a budget for everything—mortgage, maintenance, insurance, and taxes.
Credit Score: Keep an eye on your credit score; a higher score can mean lower rates.
Down Payment: Saving up for a bigger down payment can save you a lot in the long run.
While things may be a bit foggy about 2024, there's one thing that's crystal clear: your dream of owning a home is within reach, no matter what the market's up to.
Even if prices decide to play hopscotch, there are mortgage programs out there designed to make homeownership more accessible.
Reach out and explore these programs—whether it's assistance with down payments, friendly rates for first-timers, or special loans tailored just for you. Remember, your dream home might be closer than you think, especially with these avenues that help you pave your path to homeownership, no matter the market's mood!
