The existing home median sales price appreciation is anticipated to rise 2.9% in 2022, according to Realtor.com® Forecast. This will mark a decade-long streak of year-over-year increases. The good news is the appreciation of home prices will grow at a more moderate rate in 2022 compared to its predecessor. Affordability barriers will prevent prices from rising at the rate they did in 2021, but you can still expect to see an increase in home prices.
The VA loan process can seem complicated, especially for someone who has never procured a VA loan before, so we explained the process in these 8 steps:
With the rise of inflation and mortgage rates, prospective homebuyers are wondering if they should buy a home in 2022. While the landscape of the 2022 housing market will be different compared to the previous two years, 2022 could still very well be one of the best years to buy a home, and here is why:
A VA loan is a mortgage provided by the U.S. Department of Veterans Affairs program. It is available to active and veteran military service personnel and their surviving spouses. While VA loans are issued by private lenders, they are backed by the federal government.
You may be eligible for a VA loan if you have served in the following branches of the United States military: