[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1nofycjm8foed":3,"$ffeh0925h8cuz":51,"$fbwk2pqjjqsc7":55},{"item":4,"previous":39,"next":45},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":37,"updatedAt":38},4320,"two-questions-every-homebuyer-should-ask-themselves-right-now","Two Questions Every Homebuyer Should Ask Themselves Right Now","Rising \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F10\u002F04\u002Fthe-cost-of-waiting-for-mortgage-rates-to-go-down\u002F\">interest rates\u003C\u002Fa> have begun to slow an overheated housing market as monthly mortgage payments have \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F13\u002Fthree-things-buyers-can-do-in-todays-housing-market\u002F\">risen dramatically\u003C\u002Fa> since the beginning of the year. This is leaving some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But this rise in borrowing cost shows no signs of letting up soon.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F10\u002F05120815\u002F20221006-KCM-Share.jpg","Rising \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F10\u002F04\u002Fthe-cost-of-waiting-for-mortgage-rates-to-go-down\u002F\">interest rates\u003C\u002Fa> have begun to slow an overheated housing market as monthly mortgage payments have \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F13\u002Fthree-things-buyers-can-do-in-todays-housing-market\u002F\">risen dramatically\u003C\u002Fa> since the beginning of the year. This is leaving some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But this rise in borrowing cost shows no signs of letting up soon.\u003C!--more-->\r\n\r\nEconomic uncertainty and the volatility of the financial markets are causing mortgage rates to rise. George Ratiu, Senior Economist and Manager of Economic Research at \u003Cem>realtor.com\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Fwww.realtor.com\u002Fresearch\u002Ffreddie-mac-mortgage-rates-sep-29-2022\u002F\">says\u003C\u002Fa> this:\r\n\u003Cblockquote>\u003Cstrong>\u003Cem>“While even two months ago rates above 7% may have seemed unthinkable, at the current pace, we can expect rates to surpass that level in the next three months.”\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fblockquote>\r\nSo, is now the right time to buy a home? Anyone thinking about buying a home today should ask themselves two questions:\r\n\u003Ch4>\u003Cstrong>1. Where Do I Think Home Prices Are Heading?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nThere are two places to turn to answer this question. First is the consensus of what experts are saying. If you look at what \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F22\u002Fwhat-experts-say-will-happen-with-home-prices-next-year\u002F\">experts are projecting\u003C\u002Fa> for home prices in 2023, they’re forecasting home price appreciation around 2%. While it’s true some are calling for depreciation, most are calling for appreciation in home values over the next year.\r\n\r\nThe second spot to turn to for information is the \u003Ca href=\"https:\u002F\u002Fpulsenomics.com\u002Fsurveys\u002F#home-price-expectations\">\u003Cem>Home Price Expectation Survey\u003C\u002Fem>\u003C\u002Fa> from \u003Cem>Pulsenomics \u003C\u002Fem>– a survey of a national panel of over one hundred economists, real estate experts, and investment and market strategists. According to the latest release, the experts surveyed are also calling for home price appreciation for the next several years (\u003Cem>see graph below\u003C\u002Fem>):\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F10\u002F05120951\u002F20221003-MEM-Eng-1-1.png\">\u003Cimg class=\"aligncenter wp-image-47266\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F10\u002F05120951\u002F20221003-MEM-Eng-1-1.png\" alt=\"Two Questions Every Homebuyer Should Ask Themselves Right Now | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\u003Ch4>\u003Cstrong>2. Where Do I Think Interest Rates Are Heading?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nLike mentioned above, Ratiu sees mortgage rates rising over the next several months. Another expert agrees. Mark Fleming, Chief Economist at \u003Cem>First American\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Fwww.firstam.com\u002Fnews\u002F2022\u002Fovervalued-markets-increasing-20220927.html\">says\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“While \u003Cstrong>mortgage rates are expected to continue to drift higher over the coming months\u003C\u002Fstrong>, much of the rapid increase in rates is likely behind us.” \u003C\u002Fem>\u003C\u002Fblockquote>\r\nThe instability in the world and higher inflation are driving this volatile market, resulting in higher borrowing rates for those looking to buy homes.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you’re thinking about buying a home, asking yourself about home prices and mortgage rates will help you make a powerful and confident decision. Experts see both prices and rates rising in the future. The alternative is to rent, but rents are also increasing. That may mean \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F30\u002Fwhy-buying-a-home-may-make-more-sense-than-renting-infographic\u002F\">buying a home\u003C\u002Fa> makes more sense than renting.","\r\nIf you’re thinking about buying a home, asking yourself about home prices and mortgage rates will help you make a powerful and confident decision. Experts see both prices and rates rising in the future. The alternative is to rent, but rents are also increasing. That may mean \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F30\u002Fwhy-buying-a-home-may-make-more-sense-than-renting-infographic\u002F\">buying a home\u003C\u002Fa> makes more sense than renting.","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F10\u002F05120951\u002F20221003-MEM-Eng-1-1.png",false,[17,21,25,29,33],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},9,"Home Prices","home-prices",{"id":26,"name":27,"slug":28},11,"First-Time Buyers","first-time-buyers",{"id":30,"name":31,"slug":32},35,"Mortgage Rates","mortgage-rates",{"id":34,"name":35,"slug":36},38,"Move-Up","move-up","2022-10-06T10:00:47Z","2023-02-03T15:33:47Z",{"id":40,"slug":41,"title":42,"featuredImage":43,"publishedAt":44,"contentType":10,"isVideo":15},4319,"the-long-term-benefit-of-homeownership","The Long-Term Benefit of Homeownership","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F10\u002F04142817\u002F20221005-KCM-Share.jpg","2022-10-05T10:00:02Z",{"id":46,"slug":47,"title":48,"featuredImage":49,"publishedAt":50,"contentType":10,"isVideo":15},4329,"the-journey-to-buy-a-home-infographic","The Journey To Buy a Home [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F10\u002F06110129\u002F20221007-KCM-Share.png","2022-10-07T10:00:40Z",{"cover":52,"open":53,"shareSpread":54},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[56,60,61,65,69,73,74,75,79,80,81,85,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145,149,153,157],{"id":57,"name":58,"slug":59},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":62,"name":63,"slug":64},6,"For Sellers","sellers",{"id":66,"name":67,"slug":68},7,"Foreclosures","foreclosures",{"id":70,"name":71,"slug":72},8,"Infographics","infographics",{"id":22,"name":23,"slug":24},{"id":26,"name":27,"slug":28},{"id":76,"name":77,"slug":78},34,"Senior Market","senior-market",{"id":30,"name":31,"slug":32},{"id":34,"name":35,"slug":36},{"id":82,"name":83,"slug":84},41,"For Sale by Owner","for-sale-by-owner",{"id":86,"name":87,"slug":88},42,"Featured","featured",{"id":90,"name":91,"slug":92},45,"New Construction","new-construction",{"id":94,"name":95,"slug":96},52,"Luxury \u002F Vacation","luxury--vacation",{"id":98,"name":99,"slug":100},53,"Rent vs. Buy","rent-vs-buy",{"id":102,"name":103,"slug":104},80,"Time-sensitive","time-sensitive",{"id":106,"name":107,"slug":108},81,"Outdated","outdated",{"id":110,"name":111,"slug":112},147,"Internal","internal",{"id":114,"name":115,"slug":116},148,"Do Not Autopost","do-not-autopost",{"id":118,"name":119,"slug":120},320,"Inventory","inventory",{"id":122,"name":123,"slug":124},321,"Agent Value","agent-value",{"id":126,"name":127,"slug":128},322,"Affordability","affordability",{"id":130,"name":131,"slug":132},323,"Buying Tips","buying-tips",{"id":134,"name":135,"slug":136},324,"Downsize","downsize",{"id":138,"name":139,"slug":140},325,"Economy","economy",{"id":142,"name":143,"slug":144},326,"Equity","equity",{"id":146,"name":147,"slug":148},327,"Forecasts","forecasts",{"id":150,"name":151,"slug":152},328,"Selling Tips","selling-tips",{"id":154,"name":155,"slug":156},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":158,"name":159,"slug":160},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]