It’s tempting to wait for the right time to move—hoping mortgage rates will drop or prices will come down. But the truth is, timing the market rarely works. Here’s why...
There’s No Such Thing as a Perfect Market
Every market comes with benefits and trade-offs. Let’s look at how things have shifted over the past few years:
During record-low mortgage rates, buyers rushed to lock in cheap financing. But the downside? Intense bidding wars and skyrocketing home prices.
Now, with higher rates and prices, affordability is a challenge, but inventory is at its highest in years—meaning more options and less competition.
As Bankrate explains:
“The complexities of the current conditions mean that, now more than ever, it’s smart to lean on the guidance of an experienced local real estate agent.”
What Really Matters? Your Personal Readiness
If moving makes sense for you financially and personally, the key is focusing on what works in your favor. A great real estate agent (that’s me!) can help you:
✔ Explore different housing options to fit your budget✔ Identify homes with potential that may just need a little TLC✔ Connect with a lender who can walk you through loan options and down payment assistance programs
As Yahoo Finance puts it:
“Buying a house at a time when both mortgage rates and home prices are favorable is a challenge. You probably shouldn’t try to time the housing market . . . Buy when it makes sense for you personally.”
Let’s Find the Right Home for You!
There’s no magic time to buy—it’s about making the most of the market you’re in. When you’re ready to move, give me, Teresa Hill, a call! I’ll guide you through the process and help you find the best opportunities available.
*Information sourced from NAR, Realtor.com, Yahoo Finance, & Keeping Current Matters
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