Why now is the best time to buy a home in years?

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Real Estate Agent with Keller Williams Realty SL3257943

I live and work in Wellington in Palm Beach County and was asked recently, why is now the best time to buy a home in years? I hear and read a lot of comments on this. It is true none of us know what is going to happen in the future. One thing about the market environment we are in now is that we have almost the lowest interest rates we have seen in the last few decades and historically real estate prices in allot of markets are below where they were almost ten years ago. We have seen upward trends the last two years and a shortage of inventory on the market. The shortage of inventory brings into play the rule of supply and demand. Short supply and high demand generally is what creates prices to rise. Based on the current trends it does look like the market is going higher.
Based on all the information we see, it just might be the best time to buy. I have to include that there are always risks to any endeavor so do your due diligence. Talk to your local Real Estate Professional, they have a lot of market resources to help.

 

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James F. Grice P.A.

The Grice Team - Real Estate Consultants
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