Back in January, President Biden pushed for a first-time homebuyer tax credit of $15,000. Since then, this recommendation has become its own legislation, the First-Time Homebuyer Act of 2021. Should first-time homebuyers wait for this legislation before buying?

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.

Owning a home is a fundamental component of the American dream. It gives you a place to make long term memories with those you love. It is also one of the best ways to build wealth for you and future generations. There is no reason you should let your credit score get in the way of you buying a house or refinancing your current mortgage.

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.

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.

Becoming a homeowner is a cornerstone of the American dream and we firmly believe that everyone should have access to it. That is why we have always gone above and beyond for our clients, whether they are ready to qualify for a mortgage today or need to work to improve their chances for the future. Partnering with The Debt Relief Team is just one more way that we are living up to that commitment …

Owning a home is a fundamental component of the American dream. It gives you a place to make long-term memories with those you love. It is also one of the best ways to build wealth for you and future generations. There is no reason you should let your credit score get in the way of you buying a house or refinancing your current mortgage.

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.

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.

It is impossible to predict what will happen to the number of active listings going forward, but it is clear that data from the previous few months is positive for home buyers. Home prices are leveling off and it seems like there are a number of ways that home inventory will be increasing. As such, it seems likely that the extreme sellers market is waning and that home buyers are in a much more favorable position.

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.