It’s Time To Buy!
If you have been waiting to buy.
Now, could be the best time to buy a home. With interest rates on the rise. Inventory is down from a 5.62 month supply in Jan 2014 to 3.87 month supply as of May 2014. The average sales price up slightly from $242,017 to $248,084 during the same period. And up from $208,392 in Jan 2013. Current days on the market is up slightly. This tells me that buyers have the edge. With all these factors considered. Baring an unforeseen event. It won’t be long until the demand overtakes the supply. Returning the cards to the sellers.
There is another big and I mean, big factor, to consider. The “Boomerang Buyer” or someone returning to the market after a short-sale or foreclosure. They have been patiently waiting, working hard, and saving money. For several of them, the waiting period has expired. Now, they are ready to jump back in.
The result of this flood of new buyers is obvious. The supply will drop, prices and interest rates will rise, and a great opportunity will diminish.
Of course, everyone has different circumstances, I always recommend consulting your accountant for the best financial decision for you. So, ask this question.
Have I Waited Long Enough?
Find Out Now!Why Wait?
*All statistics are provided by ARMLS. They are deemed reliable. But, not guaranteed accurate.