A lot of people are asking, “Is it a good time to be a first-time buyer or move up to my dream home?”
Now is actually a great time to buy because it’s unlikely that prices will go down. Prices will probably rise by 3% to 5% over the next year, and interest rates are on the rise as well. Now’s a good time to lock in a good rate. Inventory is also starting to slowly increase, and there are even some listings without multiple-offer situations, but most houses are still selling within the first week. For a seller looking to move up, this market is even better because you'll be able to sell your house at a high price and buy your next home at a low interest rate.
If you have any questions, give us a call. Our agents are happy to help you. We look forward to hearing from you.
