When buying a home, it is a good idea to discuss the market with your Realtor. A competitive real estate market, where the number of homes are few and the costs are increasing, is unfavorable to buyers. The real estate market is known for its ups and downs . When the demand for housing is greater than the the supply, mortgage lenders charge higher rates for their home loans.
We can monitor the patterns of the real estate market, even though we can't predict its gains. The economy generally determines to a great extent whether it is a good time to apply for a mortgage or not. You will find lots of resources on the internet to help you.