January is a great time to set goals for the upcoming year, especially the goal of a home purchase! If you find yourself on the fence, and are unsure of what to do, here are 3 reasons to buy a home in 2023!
3 Reasons to Buy a Home in 2023
01. Evening out home prices – It is predicted that home prices will continue to even out as interest rates fluctuate over 2023. This means you could purchase a home now, and refinance in a year if rates go down.
02. Switch to a buyers market – The Zillow Home Price Expectations Survey show that higher mortgage rates may impact demand enough to reduce the amount of competition between homebuyer in 2023, giving buyers more leverage than sellers.
Does buying a home in 2023 make sense for you?
03. Long-Term ROI – In 2000, average US home value was $126,000 – a 106% increase in two decades. If your personal goals are centered around creating roots in a community, building long term return on investment, or creating/growing your family (whatever that may look like), there is no time like the present!
Interested in starting your home buying journey with a Sage & Cedar agent? Click here to schedule a meeting to talk about the process, lenders, the current market, and answer any questions you may have! We look forward to hearing from you!