There’s a reason it’s been difficult to buy a home in recent months.
Mortgage rates have been remarkably low since the summer, and for that reason alone, many prospective buyers have clamored to purchase homes. They’re being tripped up, however, by soaring prices.
Home prices increased 5.9% nationally in August 2020, according to the CoreLogic Home Price Index, compared to a year prior. We have limited inventory to thank for that. The supply of available homes in August decreased by 17% from the previous year, leading to an uptick in demand and creating a housing market loaded with bidding wars as eager buyers compete to win contracts on the limited inventory.
The result? Many buyers are struggling to find homes, so they may not get to take advantage of the phenomenally low mortgage rates.
Is it worth it to buy a home today?
Locking in a mortgage at a low
Bryan Baeumler Talks Upcoming Season on Instagram, Explains How to Book a Stay at His Family’s Resort
A new season of Renovation Island is in the works. Bryan Baeumler took to Instagram on Sept. 13 to share an image of the crew hard at work filming episodes of his family’s HGTV series in the Bahamas.
“We got the band back together,” the renovation expert and dad of four captioned the photo.
Baeumler went on to respond to some fan comments on the post, sharing details about the upcoming season of Renovation Island and explaining how to book a stay at his family’s resort, the Caerula Mar Club.
Bryan Baeumler says the new season ‘won’t be easy or boring’
RELATED: Do the Baeumlers Finish Their ‘Renovation Island’ Resort Restoration Project?
Renovation Island (which originally aired on HGTV Canada) was a ratings smash for HGTV, with more than 5 million viewers watching the season finale. Though a second season hasn’t been officially announced by the network, production is in