Three Things Buyers Can Do in Today’s Housing Market
posted by: George Sykes, Broker, Worth Clark Realty on Friday September 23, 2022
Three Things Buyers Can Do in Today’s Housing Market
It’s clear the 2022 housing market has been defined by rising mortgage rates. With rates on the rise, it’s also become more costly to purchase a home. According to the National Association of Realtors (NAR):
“Compared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, an increase of 53.7%.”
If you’re thinking of buying a home or have been trying to recently, that’s a big increase in a monthly mortgage payment – and it may be causing you to press pause on your plans. This jump is making homes less affordable, especially compared to the last two years when mortgage rates were at historic lows.
The good news is you can navigate today’s housing market and this rising rate environment with a few simple tips. Here are three things you may want to consider to help make your homeownership goals a reality.
Read on for the 3 things.
Three Things Buyers Can Do in Today’s Housing Market
posted by: George Sykes, Broker, Worth Clark Realty on Friday September 23, 2022
Three Things Buyers Can Do in Today’s Housing Market
It’s clear the 2022 housing market has been defined by rising mortgage rates. With rates on the rise, it’s also become more costly to purchase a home. According to the National Association of Realtors (NAR):
“Compared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, an increase of 53.7%.”
If you’re thinking of buying a home or have been trying to recently, that’s a big increase in a monthly mortgage payment – and it may be causing you to press pause on your plans. This jump is making homes less affordable, especially compared to the last two years when mortgage rates were at historic lows.
The good news is you can navigate today’s housing market and this rising rate environment with a few simple tips. Here are three things you may want to consider to help make your homeownership goals a reality.
Read on for the 3 things.
Home for Sale: 409 S 2ND , Caseyville, IL 62232
listed on: September 20, 2022
priced at: $80,000
MLS# 22061634 Status: Under Contract
See Full Details and 18 pictures ...
Brokered by: Bev George & AssociatesAcres
Home for Sale: 409 S 2ND , Caseyville, IL 62232
listed on: September 20, 2022 priced at: $80,000 MLS# 22061634 Status: Under Contract
See Full Details and 18 pictures ...
Brokered by: Bev George & AssociatesAcres
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listed on: September 17, 2022
priced at: $133,000
MLS# 22061113 Status: Under Contract
See Full Details and 42 pictures ...
Brokered by: RE/MAX AllianceAcres
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listed on: September 17, 2022 priced at: $133,000 MLS# 22061113 Status: Under Contract
See Full Details and 42 pictures ...
Brokered by: RE/MAX AllianceAcres
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listed on: September 16, 2022
priced at: $125,000
MLS# 22060755 Status: Active
See Full Details and 33 pictures ...
Brokered by: Coldwell Banker Brown RealtorsAcres
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listed on: September 16, 2022 priced at: $125,000 MLS# 22060755 Status: Active
See Full Details and 33 pictures ...
Brokered by: Coldwell Banker Brown RealtorsAcres
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listed on: September 15, 2022
priced at: $120,000
MLS# 22060311 Status: Under Contract
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Brokered by: Berkshire Hathaway SelectAcres
Home for Sale: 3 Tulip Court, Caseyville, IL 62232
listed on: September 15, 2022 priced at: $120,000 MLS# 22060311 Status: Under Contract
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Brokered by: Berkshire Hathaway SelectAcres
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listed on: September 15, 2022
priced at: $48,500
MLS# 22059865 Status: Active
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Brokered by: Keller Williams PinnacleAcres
Home for Sale: 8724 Parkdale Drive, Caseyville, IL 62232
listed on: September 15, 2022 priced at: $48,500 MLS# 22059865 Status: Active
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Brokered by: Keller Williams PinnacleAcres
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listed on: September 12, 2022
priced at: $295,000
MLS# 22058199 Status: Under Contract
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Brokered by: Keller Williams PinnacleAcres
Home for Sale: 7965 Laurel Flats Drive, Caseyville, IL 62232
listed on: September 12, 2022 priced at: $295,000 MLS# 22058199 Status: Under Contract
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Brokered by: Keller Williams PinnacleAcres
Home for Sale: 614 Hollywood Heights Road, Caseyville, IL 62232
listed on: September 8, 2022
priced at: $245,000
MLS# 22058447 Status: Under Contract
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Brokered by: Bev George & AssociatesAcres
Home for Sale: 614 Hollywood Heights Road, Caseyville, IL 62232
listed on: September 8, 2022 priced at: $245,000 MLS# 22058447 Status: Under Contract
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Brokered by: Bev George & AssociatesAcres
Home for Sale: 1319 Saint Clair Ave , Caseyville, IL 62232
listed on: September 10, 2022
priced at: $95,000
MLS# 22058517 Status: Active
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Brokered by: Keller Williams MarqueeAcres
Home for Sale: 1319 Saint Clair Ave , Caseyville, IL 62232
listed on: September 10, 2022 priced at: $95,000 MLS# 22058517 Status: Active
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Brokered by: Keller Williams MarqueeAcres
Home for Sale: 817 Old Caseyville Road, Caseyville, IL 62232
listed on: August 31, 2022
priced at: $139,900
MLS# 22056715 Status: Under Contract
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Brokered by: Re/Max AllianceAcres
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listed on: August 31, 2022 priced at: $139,900 MLS# 22056715 Status: Under Contract
See Full Details and 41 pictures ...
Brokered by: Re/Max AllianceAcres
