Purchase Applications Soar and Home Prices Predicted to Rise! - Tom's Take 360

🏡 Exciting news in real estate! Purchase applications have surged by 8.8%, indicating a robust market. Early predictions suggest a 2.2% home price appreciation this year. 📈 🔔 Stay informed! Demand is strong, with a notable 8% weekly increase in purchase applications. Home price appreciation is expected at 2.2%, offering positive signs for both buyers and sellers. Local inventory levels vary, impacting appreciation rates. In the Philadelphia area, there's a decrease in inventory, creating opportunities for sellers. 🏡 Plan ahead! Sellers should prep for a traditional spring market in 2024. For buyers, the time to start the search is now. Financial planning meetings can reveal options beyond the common misconception of a 20% down payment. 💡 With stable mortgage rates predicted, early buyers can lock in lower prices. Stay informed on local market conditions to avoid being left behind. For personalized insights and discussions, schedule a call with our team. ➡️ https://calendly.com/tomtoole