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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

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