Home prices won’t climb as fast this fall as they had been rising. But sellers need not worry: This is still their market.
Still, this fall brings good news for homebuyers: They have been granted some extra time to grab low mortgage rates. Lenders now regard buyers as their golden customers. Even people who lost their homes to foreclosure or short sale may get a second chance to get a mortgage to buy a house again.
If you are still paying a higher interest rate on your mortgage, this is really your last chance to refinance.
For homeowners who have already refinanced but are thinking of cashing out some of that equity, think twice. But if you really want to cash out, home equity loans are making a comeback.
Here are five housing trends you should expect to see this fall.
All text by Polyana da Costa, Bankrate.com contributor