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Wait or don't wait? Don't wait!

By
Real Estate Agent with Santa Barbara Real Estate 00898298

Mortgage Rates remain high and it is unlikely rates will drop this year. Real Estate experts are urging home buyers not to wait as home prices are expected to rise. It’s a challenging Santa Barbara housing market for buyers and Fannie Mae is predicting an increase in home prices through 2025. Don’t wait

Rising costs aren’t the only obstacle for buyers as low inventory is also impacting the Santa Barbara housing market’s dynamics.

If Baby Boomers ever decide to move/downsize some experts believe that will put 9 million homes on the market over the next 10 years. Wait and see? Don’t wait.

 

Posted by

Mark Danforth Lomas

George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Mark Lomas waiting these days can be a very big mistake.

May 01, 2024 03:58 PM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Enjoyed your blog page, and I added you as a follower. I would love the follow back. Also, then we both get 50 points. Bill

Bill Salvatore, Realtor- Arizona Elite Properties

May 02, 2024 05:40 AM