4 New Homebuying Trends for 2018

by crblog - February 8th, 2018.
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new homebuying trends

The housing market is an ever-evolving industry, and every year brings new trends. If you’re thinking about joining our master-planned community of Craig Ranch in McKinney, TX, then you first might want to read through these 4 new homebuying trends we’re forecasting for 2018.

1. The Sooner You Buy – The Better

One of the new homebuying trends that we’ll be seeing in 2018 is mortgage rates going up to 5%, however, for the last couple of years they’ve always hovered around 4%. It’s important to note that this is in no way a reflection of the housing market, it’s simply the nature of economic growth. With all that being said, you’ll have the best chance of getting a low mortgage rate if you purchase one of our new homes in Craig Ranch within the first half of the year.

2. Low Credit Isn’t the End of the World

Used to, if you had poor credit, then being able to get approved for an adequate home loan with a reasonable mortgage rate was impossible, but not anymore! This can finally be the year that even those with lower credit scores can become homeowners. There are already a few lenders out there that are starting to work towards creating interest-only mortgages for those that have had a major life event that caused them to lose their house or file for bankruptcy.

3. Automation Improves Loan-Application Process

Getting your home faster! The loan application process for a home loan used to be very arduous, but now with lenders finally starting to embrace all the technology that’s at their disposal, they’ve begun to automate the process. An example of this would be Rocket Mortgage by Quicken Loans, which has developed software so that virtually your entire loan application can be completed online.

4. More People to Flock to DFW

Craig Ranch in McKinney, TX isn’t the only area of DFW that saw a lot of growth in 2017, and you can expect even more growth in 2018. So, what does that mean for new homebuying trends? To simply put it, there will be even more competition for you to snag your dream house. Don’t worry, it isn’t too late to tour some of the beautiful model homes in our master-planned community.

Now that you’re in the know about some of the new homebuying trends for 2018, it’s time you make the move to Craig Ranch in McKinney, TX. If you still aren’t sure, explore our community website or get to know our lifestyle by following us on Facebook, Instagram and Twitter.

Image from Thinkstock by Getty Images. Item number: 894760172

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