‘A real estate bottom?’ More homebuyers jump back in as the year kicks off
The volume of mortgage applications for home purchases rose 25% week over week
home builders are reporting an increase in buyer traffic in January, the first uptick since December 2021
Interest rates are better for first-time buyers
The buyers who are coming back are also getting gutsy, knowing that the sellers who remain in the market are open to negotiation
Not only are some folks getting big price reductions, they are also snagging seller concessions to further ease the burden of still-high home prices
Stepping into the market before it gets flooded by competition could be a good move if you want to negotiate terms
Having a pre-qualification ready, setting a budget, and talking to a real estate expert can increase your chances of negotiating a better deal at closing