It seems the market is in a delicate situation right now. A University of Michigan poll finds "record number of consumers now think there are very attractive prices on homes for sale." Pent up demand is there, supply is up, and for people who need to move or buy, the timing looks good. On the other hand, higher rates are changing the affordability equation. The bottom line is if you're thinking of buying or selling any time soon - get off your duff. If you see a house you like at the right price, make your offer sooner rather than later and lock in that rate.
Maxus Realty Group of Samson Properties - Clarksburg, MD
301-246-0001 Serving Maryland, DC and Northern VA
RE/MAX Stars Realty - Howard, OH
Knox County Ohio Real Estate Specialist
Absolutely it is an excellent time to buy. Spectacular selection, lots of incentives or lower pricing sure make buying a home today more exciting. It is equally as good of time to sell your current home and move up in price...the value of the higher priced homes have come down more than the lower to middle price homes...so this is an opportunity.
Jun 26, 2008 12:36 AM
Berkshire Hathaway Home Services Fox & Roach, REALTORS - Exton - PA License #RS-225179-L / Delaware License #RS-0025038 - Downingtown, PA
SRES, e-PRO,ABR,GREEN,CSP
Susan,
It is always a balancing act, under normal times......we need to be proactive and get those who want to buy to do so while the timing is just that...balanced.
Jun 26, 2008 12:42 AM
Keller Williams Greenville Central - Simpsonville, SC
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA
Good advice! As the saying goes, "the best time to buy a home was yesterday." The market could change over night. I noticed yesterday the Federal Reserve didn't change the discount rate. Are things getting better?
Good Post!
Jun 26, 2008 03:07 AM
Keller Williams - Simpsonville, SC
Comments(6)