Posted by Amy Kite on Tuesday, May 31, 2022 at 7:00 AMBy Amy Kite / May 31, 2022Comment
Here’s why it’s never really a bad time to buy in real estate.
One of the biggest questions we are asked in today’s market is, “Are we in a real estate bubble?” Back in 2007, home values dropped after the last bubble burst. However, current prices are higher than they were before the last crash.
That’s my key point for you today. If you buy real estate as a long-term investment, your value will increase to a higher level than it is today. It doesn’t matter when you buy; over time, values increase. That’s why real estate is considered such a great investment.
So should you buy right now? Absolutely; rates are slightly higher now, but they will come down eventually and allow you to refinance.
If you have any questions about buying a home or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
Posted by Amy Kite on Tuesday, May 17, 2022 at 7:00 AMBy Amy Kite / May 17, 2022Comment
Here’s what buyers and sellers need to know about our housing market.
The latest numbers from April just came in, so today, let’s take a look at them to see what’s going on in our housing market.
The average sales price in March was $395,000. In April, that number climbed to $412,000. Meanwhile, the average number of days on market decreased to about 40 in April. This is a normal trend for this time of year.
If you’ve been paying attention to the news, you know that interest rates continue to increase. This means it’s becoming more expensive each month to buy a home.
Is it a good time to buy or sell? The answer is still yes. Sellers should list their properties before rates get too high and buyers’ purchasing power decreases. For the same reason, you should buy as soon as you can. The higher rates get, the less home you can afford.
If you need help buying or selling or have any questions, please call or email us. Our team is always willing to help!