Looking for a new home? Thinking of upsizing? Now is the perfect time!
Interest rates are still low
You can use the equity you have in your current home
As you increase in price bracket, you will notice more inventory in the market
In this market you can sell your house quickly and possibly stay in your home until you find your new home
No, there is no bubble
Interest Rates are low
Economist Elliot Eisenberg, Ph.D. projects rates to increase 2.125% by 12/31/18. So take advantage of those rates now!
Use the equity in your current home!
According to Megan Aller at Land Title:
Detached residential homes
Attached residential homes:
The under $400,000 market is fueled by the two largest portions of our demographics; Millennials and Baby Boomers. These markets will remain competitive for Buyers. Move up Buyers will have a great opportunity to sell at higher price points and face less competition.
In this market, houses are selling quickly! Did you know you could ask the buyer for a post occupancy agreement for up to 59 days while you find your new house?
Are you concerned that we may experience a bubble in the real estate market? Both Megan Aller and Elliot Eisenberg, Ph. D report that the current market conditions do not show signs of a bubble.
“This is a market built on wealth and not on credit. You need a high level of inventory to produce a bubble in the real estate market.”- Elliott Eisenberg, National Economist
Watch Megan Aller’s video here to learn more