Most of the country is enjoying a beautiful start to spring with flowers beginning to bloom and summer just around the corner.
For many, the spring season is a time when they consider purchasing a home. The residential real estate market in spring of 2018 brings with it some challenges for homebuyers as the inventory is limited, prices are increasing, and mortgage rates are on the rise.
This market will cause buyers to choose between giving up some of the size and amenities they desire in a home purchase, or deciding to expand their planned budget for mortgage payments.
A recent article written by Diana Click for CNBC.com states: “Half the homes are over valued. The largest metropolitan areas are seeing the biggest gains. In the nation’s top 50 markets, half of the housing stock is now considered overvalued, based on market fundamentals, like income and employment.”
Read the complete article here: Home Prices Are Set To Soar in 2018 >
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