As Dorothy from “The Wizard of Oz” would say, “There’s no place like home.” However, many buyers probably feel like they’ll never find a home in this crazy market. If you are thinking this, don’t lose heart. Today we’ll share some information on the housing market that can help make the most out of the buying power you currently have.
Despite slightly decreasing supply, beautiful properties are still on the market. Interest rates may have gone up a bit, but they are still historically average. This is a great opportunity to use your buying power to purchase a wonderful home.
“Now is the best time to buy a home.”
Some buyers will be knocked out of the market, but for those who can still afford to buy, this is great news since you’ll have less competition. You’ll likely pay closer to the list price without any extra fees.
Historically, real estate values will only continue to increase. Buying a home now means you’re growing your wealth with the equity coming from your house. Renting, on the other hand, will only raise your landlord’s wealth.
You may have lost a couple of offers already, but have hope. It’s still a great time to buy, and we’re here to help you create a buying strategy that will win your dream home. Reach out by shooting us an email or giving us a call. We’re always happy to hear from you!