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All Forum Posts by: Erica Hutchinson

Erica Hutchinson has started 3 posts and replied 11 times.

Buying & Selling Real Estate

Post: How can I tell if the housing market is up or down?

Erica HutchinsonPosted
  • New to Real Estate
  • Houston, TX
  • Posts 11
  • Votes 1

Please forgive me if this comes off as a basic or dense question, I am brand spanking new to REI.

My objective is to purchase a duplex/triplex to utilize the house hacking method. My concern is, once I get a pre-approval letter for a FHA loan, I'll only have about 3 months to purchase a property. I just want to time obtaining the pre-approval letter when the market is on the lower side in order to get the best price. Are there any signs of a downswing in the housing market? What can I look for?

0 Votes