{"id":6082,"date":"2022-08-08T12:51:43","date_gmt":"2022-08-08T17:51:43","guid":{"rendered":"https:\/\/www.morty.com\/resources\/?p=6082"},"modified":"2022-08-08T14:10:00","modified_gmt":"2022-08-08T19:10:00","slug":"new-normal-means-for-buyers","status":"publish","type":"post","link":"https:\/\/www.morty.com\/resources\/the-morty-report\/new-normal-means-for-buyers","title":{"rendered":"What the ‘new normal’ means for buyers"},"content":{"rendered":"\n

Is it time for buyers who have been waiting to step off the sidelines?<\/h2>\n\n\n\n

Last week, we talked about how the cooling housing market has entered a \u201cnew normal\u201d<\/a> that looks much different than the frenzied, competitive activity of the past two years. Mortgage rates hit three-month lows<\/a> even after the Fed raised interest rates again last week \u2013 further illustrating that the market is driven by a range of macroeconomic factors<\/a> (and not solely by inflation).<\/p>\n\n\n\n

So what does this \u201cnew normal\u201d mean for you as a buyer? The key thing to remember is that high rates don\u2019t automatically mean it\u2019s a bad time to buy<\/em>. In fact, the current market could even present a strong opportunity for those sidelined by the low inventory, high demand and bidding wars that had come to define many markets across the country during the pandemic.<\/p>\n\n\n\n

Have you gotten back into the market recently? Tell us why or why not on Twitter @HiMorty<\/a> or at MortyReport@morty.com<\/a>.<\/p>\n\n\n\n

– Robert Heck, Vice President of Mortgage @ Morty<\/a><\/p>\n\n\n\n

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Want to know what you can afford?<\/p>\n\n\n\n

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VIEW Mortgage RATES<\/a><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n
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In case you missed it…<\/h2>\n\n\n\n