As we end 2021, it’s important for future home buyers to prepare for the future. We want to make the process easy for you, which is why we broke down these resolutions into three steps. Just know that you don’t have to go through the steps all by yourself. The independent mortgage brokers at People’s Choice Mortgage are here to help you with every step of the process.

This winter home buyers are finding themselves in a favorable market. Market rates are still very low, which means that home buyers will save money over the life of a mortgage. At the same time, inventory is about to improve, which means that home prices will level off. Home buyers should take advantage of these conditions before mortgage rates rise.

Buying a house at today’s prices means that you benefit from tomorrow’s rising prices. On top of that, the likelihood of rising mortgage rates means your mortgage will be more expensive. Today’s real estate market is thriving all over the nation, but especially in Boston.

The pandemic changed how people thought about their homes and what they wanted in a house. Many of these changes will remain with us long after the virus is gone. The team at Peoples Choice Mortgage is here to look at some of the pandemic home buying trends that have some staying power.

When the pandemic first made it to America we all thought that it would be here for a few weeks and then life would be back to normal. Over eighteen months later and we are not back to normal. On top of that, new variants like Delta and Omicron keep popping up and changing the course of the pandemic in ways many would not have predicted. As the pandemic changes, so do our public health responses and so does the economy, along with the real estate market.

Today’s real estate market is difficult for home buyers, with COVID-19 changing how we buy homes. Homes available for purchase are limited and there are a lot more buyers than homes on the market. Remember, difficult is not the same as impossible. It just means that you cannot expect to be able to buy a house just because you put in an offer. You will need the patience to succeed in this market.

There is a lot that goes into buying a home and mortgage contracts can be confusing. The best way to navigate this process and make sure you have a realistic budget is to work with a true professional. The independent mortgage brokers at Peoples Choice Mortgage are here to help you with every step of the process.

Global economics is very complex and it is hard to precisely predict the fallout of China’s real estate crisis. However, if it does end up freeing up building materials for US home builders then US home buyers will be the big winners. This would allow home buyers to take advantage of low mortgage rates and buy the house of their dreams.

Rock bottom mortgage rates are incredible for current homeowners because they provide an opportunity to refinance their existing mortgages. However, not all homeowners have been able to take advantage of this opportunity. Lenders have been very selective with their mortgage refinance requirements. Fortunately, it looks like good news is on the horizon and more homeowners will be able to refinance their current home loans.

For the past year, homeowners and buyers saw mortgage rates tumble to historic lows and then hover near there to this day. Unfortunately, it looks like this incredible real estate trend is coming to an end. All indications are that mortgage rates are going to start rising and will continue to rise through the end of this year.

Unfortunately for renters, the trends are pretty clear that they should not expect any relief when it comes to rent prices. Fortunately, becoming a homeowner is a great way to get out of the misery of constantly rising rents. While many headlines have been devoted to the difficulties of buying a house in today’s market, the truth is that the market is improving.

Because of rock-bottom mortgage rates, the real estate market surged. Now we are in a seller’s market, so it’s important to be able to stand out. Bidding wars over houses and rentals are commonplace. Home buyers need every advantage possible in order to buy the house of their dreams. The team at Peoples Choice Mortgage is here to tell you how working with a professional mortgage broker can help you when it comes to making a perfect offer.

The supply chain crisis will not last forever. As the pandemic recedes, the supply chain problems will start to be resolved. In turn, homebuilders will get the materials they need so that home buyers can have the inventory they need to buy the house of their dreams. However, this will take time.

Today’s data about mortgage applications demonstrates that the real estate market is thriving. Homebuyers and homeowners should feel great about the future. One thing that the data indicates is that homebuyers are under a lot of competition from other homebuyers. This means you need every advantage possible in order to buy the home of your dreams.

Historically, the beginning of October has been the best opportunity for home buyers throughout the entire year. So, if haunted houses are not the thing that gets you excited, maybe a great deal on buying a new home will. The team at Peoples Choice Mortgage is here to help you understand why the beginning of October is a great time for home buyers.

The bottom line is that any home buyer expecting a discount by waiting to buy a home will probably be sorely disappointed. Home prices will probably rise and so will mortgage rates. So, not only will you pay more for a home, but you will also be charged more to finance the purchase.

At the end of September, we are facing another expiration. This time it is the end of the forbearance extension. Those that are waiting for this expiration to finally be the death knell of our real estate bull run will be sorely disappointed. Home buyers and homeowners will continue to reap the benefits of a solid real estate market.

On Thursday, the Supreme Court overturned the CDC’s eviction moratorium. This decision allows renters to be evicted, which will impact approximately 3.5 million Americans throughout the nation.

Because we are so used to getting what we want when we want it, it can be frustrating to have to wait. However, the old adage that the best things come to those who wait is true in some instances. That is the case when it comes to buying a home. For home buyers, patience and persistence pay off.

Right now, only about 28% of home buyers think it is a good time to buy a house and much of that is thanks to the direction of home prices. However, popular sentiment is not always correct. Just because a majority of people think it’s not a good time to buy a house it doesn’t mean they’re correct. In spite of home prices, it is far better to be making mortgage payments than rent payments.