“Buyers who are ready and qualified have more opportunities now than a year ago,” said Vinny Rodríguez, a Senior Loan officer of Fulcrum Home Loans, a Idaho company with customers in much of the country. Rodríguez said he is seeing more of his clients who do not expect. At the national level, there has also been an increase in mortgage demand, which is stronger in the months. While affordability is still a great obstacle, many of these buyers, Rodriguez said, are beginning to accept the current market conditions.
Even so, he warned, economic policy remains an important interrogation sign and the modest relief could be of short duration.
Much of that uncertainty, said Rodríguez, comes from the commercial talk. “Each headline is like, I’m left to the left, are I okay? ‘” Said Rodríguez. “When the market is uncertain in the way it has been, that could delay the development of construction and also the houses that are sold.”
On the industry side, housing builders feel simple in the midst of rates. The feeling of the builder is decreasing, since everything, from wood to appliances, is expected to grow more expensive. That could compensate for progress in inventory scarcity and affordability, with some construction contractors that already walk in prices of up to 20%.
Rodríguez described the keys to stabilize the market: the appreciation of the slow value of the house and the constant decreases in the interest rates. In a market that has been more agitated on the side of the offer, he said, the rapid changes increase prices and, therefore, the difficulty of the buyer.
“I would prefer if we stayed the course,” Rodríguez said. “Any sudden movement will make people react rapidly.”
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