If you’ve been searching for a home to buy in Texas, you’ve probably been told that it’s slim pickings! So what’s the issue?
Existing Home Sales are the lowest they’ve been this century. That’s because many folks who would be on the move - either to larger family homes or smaller, downsized digs - are holding off. What’s keeping them in their current homes? Lower interest rates!
Homeowners are opposed to swapping out their existing lower interest rate for a new mortgage at double the rate. And fewer options on the market means higher prices.
What does this mean for you? If you’re hoping to buy a home in Texas, working with an experienced team is crucial. Local realtors and mortgage lenders can help you find the best deal and snap it up. So chin up, you’ll find that perfect home!