If you’re still debating on buying a house, it’s time to stop thinking and get started!! I know, I know, you want to buy when the market tanks though, right? Wait until it hits bottom, not when it’s hot? While that is a great idea in theory, here is why you shouldn’t wait. Mortgage rates are at all time low and will continue to stay in that area (ideally) at least through the election if not longer. These low rates give you more buying power and can get you into a larger home then when rates go back up again (which they inevitably will). Even a point lower can get you thousands more in a home price at the same mortgage amount per month. Plus with the low inventory and buyer needs in the Metro area, the prices and appreciation keeping going up. Our market is very solid and real estate is one of the best investments you can make right now and know you will profit (assuming you have a good realtor advising you that is…)!
Looking at these changes in the past decade is pretty incredible and truly shows you how much our market continues to improve and appreciate. Time to jump in, while you can, and start watching your equity grow!