The Real Estate industry has taken some major pitfalls over the past 24 months. In some price ranges like the higher prices, $400,000 and up there seems to be an abundance of homes on the market.
Some of the higher prices are looking at a 2-5 year supply of inventory before we turn back to normal appreciation rather than depreciation.
As it has been said over and over it is defiantly the time to buy. The longer you put it off the higher the interest rates are going to be. Pricing will start to correct itself and the market, therefore it will start to drive some of these homes back up in value.
Sitting down with your Real Estate agent and your favorite lender and determine what you can afford in today’s market. Why wait??
