Experts Say Economic Rebound Will Continue with Housing Leading the Way
After a slowing in the economy in the second quarter of 2020, we have seen a rebound across the United States. Fannie Mae believes that recovery will be lead by housing. Supply constraints and low interest rates are continuing to support home price growth.
What does this mean for homeowners?
This means that right now is still a great time to sell, leaving most homeowners selling at the highest price they have been able to in the last five years.
What does this mean for me as a home buyer?
Yes, prices are high and inventory is low, but with interest rates at historic lows now is a great time to buy a house. In many communities, you can get a lot more house for your budget.
Do you have more questions about the economy and how it will affect you as a homebuyer or homeowner? Ask Jenny.