This might well be the ideal time to buy. Why ?
Interest rates are rising … continuously. They are up a full point from recent historic lows.
Home values have jumped, and continue to increase.
There is an undeniable shortage of homes on the market, and a lack of inventory for buyers to choose from.
The overall consensus seems to forecast continuing increases in home values, along with higher mortgage rates. That’s the general consensus and the prediction of not only the analysts and investment strategists, but of real estate experts, economists, as well as the news media.
The KCM Blog predicts a 12 – 32% increase in home values over the next 5 years.
Now might well be the right time to buy. Appraisal values are coming in higher than in the recent past … Properties are going under contract within days of being listed … Inventory continues to dwindle …. We are seeing bidding wars, and homes selling for above list price. I don’t think the experts are wrong. In South Florida, the market has definitely turned, and buyers are scrambling.
We would be happy to help you find the right home… or help you sell yours. Whether you’re investing, finding a new home or a vacation home, selling yours first, downsizing or relocating, we would be pleased to chat with you. Call us any time … the Restivo/Hechtman Team at EWM Realty International 305 793-1365 Vicki Restivo … 305 632-0164 Alexandra Hechtman