When Does Spring Market Begin?

If you’re reading this blog post chances are you likely reside in the midwest region of the country. With that, you know just as well as anyone else that—especially here—seasonality plays a big role in the housing market. The warm weather coupled with the end of the school year always tends to bring out a large majority of buyers and sellers. This creates a healthy housing market, but it also brings out the competition. 

According to Dave Ramsey, in 2022 the national number of homes for sale increased by an additional one-hundred and twenty-thousand homes from April to May, which was the fastest rate of growth for all of 2022. From there, the number of homes for sale continuously grew as summer progressed, eventually reaching 1.31 million home listings by July. It’s clear that spring market in the midwest doesn’t necessarily mean the snow has melted and flowers are in bloom; spring market where we reside seems to occur when we can just barely see the end of winter in sight.

If you’re looking to buy a home this spring, you’ll want to ensure you have a clear understanding of your financial limitations before you begin the house hunt. With the busiest real estate months tending to fall within quarters two and three, starting as early as April, that means buyers should begin to prepare to purchase as soon as February or March! 

Your best starting point is to obtain an upfront pre-approval with a credible lender, like Cambria Mortgage. This simple piece of paper holds a lot of weight, giving you credibility and showing a seller they can rely on your offer. You’ll want to tackle this ahead of time so you know exactly how much you are approved for, allowing you to submit an offer confidently and without delay. You don’t want to be last in line when you find that home you’ve been searching for! Taking care of this step first will allow you to act fast.

Another key thing to remember in 2023 is it’s more important than ever that you have a professional on your side. A Realtor will help you find homes in your desired neighborhood, guide you in making sound decisions, assist you in negotiations and so much more! If you don’t know where to find a good Realtor, talk to your Mortgage Consultant; chances are they have worked with a lot of great ones throughout the years and can help you with a few recommendations. 

In short, the spring market is starting sooner than you may have thought and it’s crucial to recognize the importance of preparation in this market. If you’re ready to take the first step toward buying a home, our team is here to guide you through the process. Visit us at www.CambriaMortgage.com/Connect to get started!





Go Mobile With Your Mortgage

In a market like this one it’s crucial that clients, realtors and mortgage lenders are able to move fast. Cambria Mortgage is proud to offer the tools and technology that allow us to do just that… With the Cambria Mortgage Mobile App we are able to close loans an average of 20% faster than before!* But the benefits of this tool don’t stop there. Here are just a few of the main features of the Cambria Mortgage Mobile App that have buyers and industry leaders hooked:

Perfect Present, Perfect Price Tag: Father’s Day Gifts Under $100

Ah, dads… They’re inherently hard to buy for. With Father’s Day just around the corner we curated a list of gifts that he is sure to love. The best part? You won’t get the you-shouldn’t-have-spent-that-on-me lecture - everything is under $100! So, without further ado, we present to you the ultimate Father’s Day gift guide...

A Quick Guide to the Perfect Patio Space

The time of year we’ve all been anxiously awaiting is here… For the most part. It would only be right to take full advantage of the sunshine-filled months ahead by enjoying the great outdoors to the fullest. Whether you have a spacious backyard or a cozy balcony overlooking the city… We’ve put together some tips for making the most of your outdoor space.

Succeeding in a Seller’s Market: There’s an App for That

Today’s competitive housing market requires buyers, lenders and real estate agents to act fast. For quite some time multiple competing offers, seller-favored contracts and homes selling well-above listing have become the norm. This environment requires buyers to be quick on their feet, willing to negotiate and ready to put their best offer forward. With that, it’s a no-brainer to rely on our team at Cambria Mortgage. We’re proud to offer the tools and technology that allow us to make the home buying and financing process simple and fast.