Real Estate: Is it a good time to buy and/or sell your home?

There is a lot going on in the global and national economies right now. The question we get the most of recent is: “Should I buy/sell my home right now?”

We say yes for a variety of reasons. Let’s explore further.

What’s Happening in the Real Estate Market?

In the last two weeks:

• The Fed dropped interest rates by .05%, down to 1.25%.
• All three major U.S. stock market indexes lost over 10% of their value in what was the worst five-day trading session since 2008.
• The bond market plummeted, with the 10-year Treasury bond’s yield dipping below 1% for the first time ever.
• The Senate approved $8.3 billion in emergency funding for the coronavirus.

Basically, the residential real estate market is unchanged – low inventory but lots of  buyers ready to purchase.

Mortgage rates have been at historic lows this year – the perfect time for a buyer to get the most for their money!

Today, March 10th, 2020, there was an uptick in rates. They are still very low at 3.524% for a 30 year fixed and 3.074% for a 15 year fixed.

Locally, we anticipate the shortage of existing homes to continue. There simply aren’t enough for sale to keep up with the demand so it’s a Seller’s Market right now.

However, with rates this low, anyone who has been contemplating selling their home, should jump into the real estate market. With low inventory, low rates and lots of buyers just waiting to pounce on their dream home, sellers shouldn’t wait!

For buyers, it’s the same story – low rates allow for your money to purchase more home at a reasonable monthly payment. You should hook up with your lender of choice and get your pre-approval letter. Then call us! We can set you up on a search that is real-time so you are first to see new homes that come on the market. That’s the best way to combat all the competition! Read more about it here.

Taking advantage of lower interest rates to buy a home is smart business! Ever thought of investing in Real Estate? Whether looking to buy a couple of rental properties or building a portfolio or just want to flip a couple of  homes, now is an attractive time to start!

The real estate market is less volatile than the stock market, for sure!

Investing in Real Estate

In the 21st century, the past 50 years and all the way back to more than 100 years ago, Real estate returns exceed stocks with SIGNIFICANTLY less volatility! In fact, since the early 1970’s real estate has beat the stock market nearly 2:1.

Interested? Call us today! We have lots of investor clients – helping them find just the right properties for their specific purposes. Talk with you soon!