housing market today

In this week’s episode we are going to give you an housing market update for 2023. There has been a lot of conversation and speculation in the media. This video is based on the opinions of some experts but by no means is this what will definitely happen, because the market can always change! We are going to talk about the possibility of a housing crash, a recession, and rising interest rates. There are still a lot of opportunities for buyers in this current market and we want to make sure you are aware of them! So let us know in the comments are you looking for a house now or waiting, and remember if you Make Maine Your Home, you don’t have to do it alone!

View the blog post on my website...  

XXXXX

To checkout listings all over southern Maine visit: https://www.makemaineyourhome.realestate/

Check out our Facebook: www.Facebook.com/MakeMaineYourHome

You can listen to the audio podcast on any podcast app.  Just search for Make Maine Your Home. Be sure to subscribe, like, share and tell your friends.  

To contact Doug you can call or text to 207-838-5593, email to doug@makemaineyourhome.com or check out http://www.MakeMaineYourHome.com.

00:00-01:02 Market Update 2023

01:02-02:22 Are we heading for a housing crash?

02:33-03:06 When will interest rates drop?  

03:06-03:57 Are we in a recession?

03:57-04:29 Buying a house in 2023

04:30-06:03 Housing supply 2023

06:03-06:30 If you Make Maine Your Home you don’t have to do it alone!

In this week’s episode we are going to talk about getting approved to buy a house in Maine. The first step we recommend is to find or work with a trusted lender. We know a bunch of qualified lenders who can help you get financing for your home, and take you through the steps in the video. During the mortgage pre approval process, you will fill out a mortgage application. Once that is filled out you will show all of your financial information to prove you can afford the mortgage. They will check your credit report and verify your employment. There are different types of loans that have different requirements. Government backed loans are one kind of loan that you might not need as high a credit score for. As far as how much money to put down, depending on the loan you may not have to put down that much or you may want to put down more to have a lower monthly payment. Once you have gone through the pre approval process you will be given a pre approval letter and that shows you are approved for a loan! Then you can look at houses and let sellers know you are serious about making an offer! If you don’t get pre approved there are a lot of great things you can do to help. Improving your credit score, and improving your debt to income ratio. Most lenders will come up with a timeline so you are on the road to get a home! Let us know in the comments if have any questions, and remember, if you Make Maine Your Home, you don’t have to do it alone!

To checkout listings all over southern Maine visit: https://www.makemaineyourhome.realestate/

Check out our Facebook: www.Facebook.com/MakeMaineYourHome

You can listen to the audio podcast on any podcast app.  Just search for Make Maine Your Home. Be sure to subscribe, like, share and tell your friends.  

To contact Doug you can call or text to 207-838-5593, email to doug@makemaineyourhome.com or check out http://www.MakeMaineYourHome.com.

00:00-00:19 How to get approved to buy house in Maine

00:19-00:22 Doug puts on his glasses

00:22-0:54 How to find a lender

00:55-02:46 Mortgage pre approval process

02:46-03:41 Different types of loans

03:41-04:01 Pre approval letter

04:01-01:10 What to do if you are not pre approved

05:10-05:38 If you Make Maine Your Home you don’t have to do it alone!