Is it a good time to buy a house?

Is it a good time to buy a house?

According to a recent survey, many consumers are hesitant to buy a home in 2022.

In reality, there’s never a perfect time to buy a house considering the volatility of the housing market.

In order to decide, analyze your financial situation and the current price of homes in your area.

If your down payment is saved and your estimated mortgage payment is less than your monthly rent, then buying now is a good idea.

However, the housing market is supposedly to favor Fall home buyers.

Reports say that more sellers have homes for sale and buyers are getting half as many offers as compared to Spring this year.

Another reason why Fall is a good time to buy a home is that US credit bureaus no longer add medical debt to credit scores.

Close to 23 million consumers benefit from the medical debt and credit score changes.

Higher credit scores  make lower mortgage rates more accessible , lower down payments and higher home affordability.