Kindred Homes’ Spring Housing Market Update: Now Is The Time To Buy!
- Kindred Homes
- October, 15, 2023
Real estate markets constantly change, responding to larger economic forces, but the last few months have roiled the housing industry from coast to coast. For homebuyers of all ages and income levels, the challenges have included volatile home prices & mortgage rates, as well as the effects of inflation on their savings. However, things are looking up and there is no better time than now to buy a new home! Let’s see what the housing market update looks like!
The Spring 2023 Housing Market In a Nutshell
According to many sources, the spring housing market is shaping up to be calm yet competitive. “The spring is likely to mark a turning point,” says Robert Dietz, chief economist of the National Association of Home Builders. “You’re at the low, but you can start to see better days ahead.”
Home sales cooled in the second half of 2022, thanks to rising mortgage rates and an overheated market. As mortgage costs receded from their fall peak, sales returned and rebounded significantly in the first few months of 2023.
Buyers concerned about prices plunging or skyrocketing will be glad to hear that prices are forecast to be returning to a slower, more traditional upward trajectory. Now that conditions have settled down, prospects will return to being motivated to buy a home by life transitions — new job, marriage, new baby, retirement. For most home sellers, a well-priced, well-marketed home will receive good offers.
Kindred Helps With Your Home Financing Every Step of the Way
What’s the best way to tackle mortgages and financing in this topsy-turvy market? One of the safest bets is “in-house” financing. At Kindred Homes, we have our own financing company, Kindred HomeLoans. It offers easy-to-use tools and resources that will help you find the right mortgage to fit your needs and budget. As experienced local lending professionals, we offer careful and attentive guidance, as well as powerful tools and resources that will help you finance the home of your dreams. With “in-house” financing in new home construction, you will also get to take advantage of the builder providing an affiliate lender incentive that can be used towards closing costs or rate buy-downs.
Kindred HomeLoans is made up of mortgage industry veterans that are passionate about what they do every day. They take the time to understand the unique financial situations of each family and match them with the right loan package to fit their needs. Your goals become our goals.
If you’re on the fence, let’s talk about some of the benefits of using an “in-house” lender.
We Get To Know YOU. Not every prospective buyer fits the profile required by most lenders. If your FICO score is not as high as it “needs” to be (which can happen if you’ve switched jobs or are self-employed) or your credit was damaged by a bad financial turn, a traditional lender won’t even consider you. In-house financing offers you the chance to obtain a mortgage that you may not qualify for under traditional programs. Our underwriter can speak with your loan officer directly to sort out any gray areas and improve your chance of being approved for a loan.
We’re Here, From Qualification to Closing. Kindred HomeLoans offer loans to match your financial situation, including different down payment scenarios. We have tools to help make collecting and submitting documents hassle-free. We use local or regional loan underwriters and processors to help ensure efficient closings. Our digital mortgage process keeps you informed with real-time updates on your loan status. We’re by your side every step of the way because personal attention is what you really need when it comes to making one of the biggest financial decisions of your life.
We Are Working Toward One Goal. As a local lender, Kindred HomeLoans takes the time to give your application careful, customized consideration. When an approval is on the fence, your loan officer will take the time to work with you to figure out how to improve your application. And once the loan is yours, they are there to explain all the details. Being part of the same team ensures an efficient loan process. And we are always available to ensure you’re secure in your decisions.
Contact Kindred Homes Today & Begin Your Home Buying Journey!
At Kindred Homes, we have a good selection of Quick Move-In Homes in Dallas-Fort Worth and San Antonio. Unlike resale homes, our homes include special savings and set pricing, guaranteeing affordability and value. We invite interested families to come see what’s available!
If you’re thinking about making a move, it’s a good idea to keep abreast of the housing market news, especially in the current economic climate. If you are ready to make your move, consider Kindred Homes. We invite you to explore our communities throughout Dallas-Fort Worth and San Antonio. Reach out to us and we’ll get you the information you need.