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		Bryan Tusow Mortgage Consultant Dawson Home Mortgage NMLS# 1814266 Phone: (218) 346-6371 ext. 2 Fax: (218) 346-6373 NMLS #: 942638 bryan@dawsonhomemortgage.com www.dawsonhomemortgage.com

May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018		Better for Buyers or Sellers? Experts expect that the spring homebuying season will be exceptionally strong. But a question remains about the real estate market: will it favor buyers, sellers, or both? Let's take a closer look at who will benefit the most from the upcoming homebuying season. Based just on consumer confidence, it appears that the spring homebuying season may be beneficial for both buyers and sellers. According to Fannie Mae, one of the nation's top mortgage investors, Americans are extremely optimistic about the housing market’s direction. Growth typically means that it's a good time to both buy and sell a home, and indicators are that Americans believe interests rates will stay low while their incomes will increase. While consumer confidence may be high, economists are not quite so sure about the strength of the housing market. There are some signs that the market is weakening, instead of trending upward as many people believe. For instance, home sales at the national level are actually falling, and this is usually a warning sign that prices are soon to follow. In addition, it's taking a lot longer for homes to sell, which means the days of homeowners benefiting from bidding wars seems to be at an end. So, who actually is going to benefit from the strong spring market? By examining a few facts, it should be clear that home buyers will have the advantage this spring. For starters, home prices are still on the rise but not as sharply as they once were. A large number of sellers are also reducing their original listing price, which indicates they're having trouble attracting buyers. Finally, interest rates are going to stay low through the spring, which is the reason for the strong market, and as almost everyone knows, low interest rates are better for buyers. The spring homebuying season is going to be very strong, and tilted in favor of home buyers. If you've been thinking about buying a new home, now is the perfect time. Source: Chicago Tribune If you or anyone you know has questions about home loan rates or products, please reach out. I'm always happy to help. Enjoy this month's issue of YOU Magazine.

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