After finally purchasing a home, buyers are often dismayed to find that their credit score has taken a significant dip. If you just spent the last year working to boost your score and qualify for a mortgage, then it's understandable to be a little concerned at seeing it suddenly fall. To make the situation even more confusing, this decline often lags several months behind the home purchase, raising doubts about what actually caused it to happen. Luckily, a new study by LendingTree shows that a drop in credit score following a home purchase is not only normal, but generally corrects itself in less than one year! Keep reading to learn why scores fall after buying a home, how large you should expect the decline to be, and when you can expect the score to return to normal.
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Recent trends in the nation's housing market, such as rising interest rates, a lack of inventory, and low affordability, have together contributed to a minor slowdown over the course of the last several months. Although these issues aren't exactly fun, it is important to remember that they represent a needed correction to the unsustainably high rate of home price growth which had been ongoing in many cities across the country. With that being said, the National Association of Realtor's 
Sellers sometimes decide to handle their home sale on their own in order to avoid paying a commission, a type of real estate transaction known as For Sale by Owner (FSBO). Of course, readers of this blog will know that FSBO generally results in Hot Springs Village Resort
Hot Springs Village, a recreational resort community in Arkansas' Ouachita Mountains, near Lake Ouachita National Park, is the largest gated community in the U.S. encompassing 40.7 square miles.
Hot Springs Village offers year-around golfing at 9 professionally designed golf courses, 15 professionally surfaced tennis courts, fishing, boating, water-skiing, and swimming in 11 pristine recreational lakes, over 20 miles of walking trails, 200+ clubs and fraternal organizations, and many more activities for all ages.
The Hot Springs Village lifestyle has attracted people from all 50 states and numerous countries around the world. Homes in Hot Springs Village vary from very affordable townhomes to affluent waterfront retreats, with an average sale price of approximately $180,000.
When compared to other full-service resort communities, Hot Springs Village fares as one of the most affordable places to live in the country! Come vacation in Hot Springs Village . . . you just may decide to stay for a lifetime!
Information Deemed Reliable but Not Guaranteed. CENTURY 21 H.S.V. Realty is licensed in the state of Arkansas. CENTURY 21® is a registered trademark owned by Century 21 Real Estate LLC. Equal Housing Opportunity. Each office is independently owned and operated.