Should You Wait to Buy?
On the fence? You need to hear David Stevens, former President/CEO of the Mortgage Bankers Association speak to @brian_buffini at the 2023 Bold Predictions mid-year update. Some of his key points:
1. Huge wave of Millennial buyers hitting prime 1st time buyer age
2. Low inventory but new home construction is up
3. RATES ARE COMING DOWN to 5.6% by the end of 2023
4. Prices corrected, are INCREASING
So what’s a buyer to do? Get off the fence before rates drop and EVERYONE enters the market, driving bidding wars and price spikes. Refi when rates come down.
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