Is it right time to buy home?
I am writing this blog post on Oct 1st, 2023. We all know, the pandemic effect on housing market. Many people saw surprising appreciation for their homes and those who entered market around 2021 were the most lucky since it didn't matter if you bought in 2018 or 2021, home prices went up so high after 2021. Is it right time to buy a home right now? say in Frisco or any other Dallas-Fort Worth metroplex? or any place in USA. There are multiple variables affecting the real estate markets. The Variables Inflation and Interest rates As the government pumped in loads of money into the system and at the same time reduced interest rates to 0%, home sales were to high and it all seller market. Come to 2023, too much of money and global situations made inflation so high that Fed has to increase the interest rates, while some are hoping that interest rates are going to go down, we do know know how the future will be with respect to inflation and interest rates. 30 years fixed in