Reasons that make the current housing market great for buyers.
Should you buy now or wait? That's the question prospective homebuyers are struggling with in today's marketplace. Home prices have skyrocketed in the past couple of years, and now mortgage rates are increasing. Therefore, many of would-be buyers are leaning towards the wait side of the equation.
So is it a good time to buy? There are signals that the seller's market is beginning to tilt in the opposite direction: Inventory is increasing, days on market has been exceeding, and the buyer pool has decreased, creating less competition and fewer multiple offers. We're now noticing reductions in prices, which we haven't seen in years. That’s an exciting thing for buyers.
Consider this: even with interest rates slightly higher, the new home you're going to purchase is going to be a better deal. Real estate is always a good investment. If you need more help with your buying plans or anything real estate related, call or email my team or me. We’re always happy to help!
