Buying a home is an important lifestyle and investment decision.

You want to buy at the best price possible. You want your monthly payments to be as affordable as possible. You want your home to increase in value as much as possible.

To make sure all that happens, it’s important to look beyond your individual purchase before you buy. You need to look at larger market conditions. What’s happening around you (house price trends, Intrest rate movements, new home construction) will have an influence on your purchase. The more you know, the more control you have.

How do you develop an understanding of how the housing market is evolving? The easiest answer is to take advantage of the information offered by this website or you can contact our Market Analysis advisor at any regional Sundaram Home Finance Office.

The Market Analysis advisor is there to give you a clear picture of the current housing market.. They provide information on recent trends in housing market conditions.

The Advisor can tell you if it’s a buyer’s, seller’s or balanced housing market.

In a buyer’s market, the number of homes available for sale exceeds the demand, so prices will either stabilize or drop. With fewer buyers and more homes, you not only have more options to choose from, you also have greater negotiating leverage. You have more time to look for the right home and you can evaluate the choices without feeling pressure to act too quickly.

Another major influence on your decision to buy is the interest rate. What rates are available now? Will they drop in the immediate future? Will they rise? If so, by how much?