Lenders Keeping Mortgage Rates From Going Lower?March 9, 2020Mortgage rates dropped to an all-time low last week as the benchmark 10-year U.S. Treasury note, which tends to influence the
Is Now The Time To Buy A Home
Dated: August 2 2015
IS NOW THE TIME TO BUY??? Great Question. This is where we are today. Increasing market ladies and gents. As you can see by the graph below, since 2013, prices have been on the rise. We had a small dip in September of 2014, which we always do. This year it came a but earlier in July. But don't expect this dip to mean huge decreases in the market. It still maintains a neutral market when it comes to buyer's market or seller's market. But what we are starting to see are the famous no appraisal contingency or above appraisal purchases. For the people that can afford this and truly see the value, go ahead and pay over appraisal if you love the property. But I personally think there are more than enough properties available to be selective when it comes to buying a home.
As for my sellers out there. I highly don't recommend selling a home that we know is either upside down or has too many upgrades to consider the comparable values. I would wait out just a bit longer before I would list my home for sale. I would list in January of 2016. Let the other properties sit on the market and wait.
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