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Are you sitting on the fence about buying your next home? Maybe you were not on the fence at all, but the rising mortgage interest rates, and inflation has given you pause. You are not alone on this. The real estate market has shifted rapidly over the last couple of months, and it has left a lot of people trying to figure out what the best move is. Maybe you wanted to sell and move to a new location, or you need more space, or maybe you’re ready to downsize, but you’ve got an awesome interest rate on your current mortgage, and you don’t want to go buy another home at the current rate.
These are all things we have been hearing all over the place. A lot of people are thinking of just sitting things out for now and hoping the interest rates, and home prices fall. The risk we see with this plan is that we are not seeing an increase in housing inventory and we are not hearing any predictions that prices are going to fall considerably. With the impact of inflation it is still very possible we will see prices continue to rise. And if you are renting, rents are on the rise as well, and while you are renting your interest is 100%.
As we like to say, the best time to buy a home was 5 years ago, but the next best time is now. This week we are digging into all the reasons that this is still a good time to buy, and you’ve still got options to get yourself into a house that you love. Let’s dive in!
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Are you sitting on the fence about buying your next home? Maybe you were not on the fence at all, but the rising mortgage interest rates, and inflation has given you pause. You are not alone on this. The real estate market has shifted rapidly over the last couple of months, and it has left a lot of people trying to figure out what the best move is. Maybe you wanted to sell and move to a new location, or you need more space, or maybe you’re ready to downsize, but you’ve got an awesome interest rate on your current mortgage, and you don’t want to go buy another home at the current rate.
These are all things we have been hearing all over the place. A lot of people are thinking of just sitting things out for now and hoping the interest rates, and home prices fall. The risk we see with this plan is that we are not seeing an increase in housing inventory and we are not hearing any predictions that prices are going to fall considerably. With the impact of inflation it is still very possible we will see prices continue to rise. And if you are renting, rents are on the rise as well, and while you are renting your interest is 100%.
As we like to say, the best time to buy a home was 5 years ago, but the next best time is now. This week we are digging into all the reasons that this is still a good time to buy, and you’ve still got options to get yourself into a house that you love. Let’s dive in!
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