I am asked regularly if now a good time to either invest in real estate or make a move.
My answer is generally focused on you will never wait out inflation. There are good real estate opportunities even now! Historically, if you stay out of the market by the time you re-enter you will either experience higher prices or higher interest rates at a minimum. In our current climate, if you can make a move do it. The challenge is finding your next home. We are still seeing strong sales of existing houses and inventory is still very low so we know your current house should sell well.
So, if you can afford that next house now, buy it. When interest rates drop, you can take advantage of the rate decrease with a refinance. A lot of the market is still sitting on the sidelines and is waiting for interest rates to come down. What that means is that when they do, we will have another scenario with many buyers in the market trying to buy the same house…… we will be back to the multiple offer scenario that we have already experienced driving prices up even higher.
If you would like to discuss buying or selling your home or both, give me a call at (502) 594-4700.
