Does The Time To Buy Real Estate Ever Feel Good?

The Cost Of Waiting To Buy A Home...

Does the time to buy a home or real estate ever feel good? The answer is - not usually. 
Right now in August 2024, we face a number of challenges in the housing market. There’s fewer homes on the market caused by low inventory. Plus interest rates rose quite quickly over the past two years to nearly 8%.

A lot of Home Buyers respond by hitting the pause button. Well, if history has taught us anything, waiting to buy real estate has been a very poor strategy!

For example, in 1971 the interest rate was the same as it is today. Many people decided to wait until the interest rates dropped. If you’d have been one of those people, you wouldn’t have purchased until 1993.
You’d have rented for 22 years while you waited for rates to come down. In the meantime, house values quadrupled. So you can see why NOW is possibly the BEST TIME to buy a home and the key principle is ‘don’t wait to buy real estate; buy real estate and wait!

​If you or anyone you know is looking to Buy or Sell a home call or text me with their name and number. I promise to take good care of them. DONALD KEYS Selling Homes Since 2006 HomeSmart (602) 750-1744.