If you are a first- time home buyer, like many, you may have had to drop out of the race this year due to rising interest rates. I started the year with many Southern New Hampshire home buyers confident that they would be able to purchase a home in 2022 only to watch their purchase power drop significantly as interest rates soared. Many of these home buyers had to put their dreams of home ownership on hold. Today, according to some economists, there may be a glimmer of hope.
Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home. Here’s a look at the latest expert insights on both mortgage rates and home prices so you can make your best move possible.
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