Unlocking Housing Trends: Stable Rents, Rising Mortgage Challenges

Christian Buitron

Building Futures for Families and Investors

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Stable Rentals, Rising Mortgage Affordability

Dive into the housing scene where rents remain steady, but rising mortgages pose challenges for potential homebuyers. What's driving these trends?

• Stable U.S. asking rents amidst increased supply and demand.
• Challenging mortgage affordability, impacting prospective homebuyers.
• Regional rental variations and West/South market stabilization.
Data sourced from Rent.com and Redfin.com, revealing market dynamics.

30-Year Fixed Rate Interest Rates are 7.79%! - Freddie Mac

Is this the right time to buy a home?
It's been 23 years since rates have been this high, yet there is an overwhelming demand for buying homes right now, with no signs of significant slowdown. Over 40% of homeowners in the US own their homes outright. Reports suggest that interest rates are expected to remain stable, possibly increasing further this year. If the trend continues, waiting to buy may lead to higher home prices with no relief in interest rates. In this persistent seller's market, demand remains high, with no signs of decreasing. If you can afford to buy now, it is a great option to consider as there are no guarantees you will be able to afford to buy later. Consider your options and make an informed decision based on the current interest rate trends and strong demand.

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Christian Buitron | (323) 382-8706
REALTOR | License #01951904
christianbuitron@radiusagent.com

All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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