We know… It’s hard to believe! How in the world can home values go up even more? This graphic is based off of the Home Price Expectation Survey (HPES). Don’t live in the fear. A Fannie Mae survey showed that24% of home buyers thought that home values were going to go down over the next 12 months. The industry analyst suggest otherwise. So what should you do if you’re thinking of selling in this market? What should you do if your considering buying this year?

In summary, now is the best time to make any kind of move. By selling now you can take advantage of the low inventory currently on the market, giving your home a higher demand, and buying now can get you into a property before rates go down and more buyer competition comes your way. Reach out to us. We’d love to answer any real estate questions you have and we’d love to serve you in 2024!

1. CONSIDERING SELLING? – It’s no secret that if you’re a homeowner you have a TON of equity in your home right now. Take advantage of that. Considering the data above, if you were to sell now, you’ll get top dollar for your home, but not only that, your new property will continue to go up in value, so any risk, if there even is any, would be extremely minimal because in the years ahead you will have even more equity.
2. CONSIDERING BUYING? – It’s a no brainer to buy right now. Yes interest rates are still high holding some buyers back from buying, but if your income can support the current payment on your new home we recommend BUYING NOW! Think about it. The fact that there aren’t as many buyers out there right now gives you the pick of the litter. Get the home you want and a year or 2 down the line simply refinance when rates go down and enjoy the beautiful home you’re the owner of, with a lower payment.
3. RATES (%) AND WHAT’S AHEAD – Most industry experts think that rates will continue to decline in the months ahead. But should you wait for them to drop more before you make a move? Probably not because the market will will not only be flooded with more buyers, but more sellers will now put their homes on the market which can potentially drive attention away from your home if you’re a seller.