Every day we hear this question, "Is now a good time to buy or should I wait for the market to slow down?" The easy answer is BUY NOW! Homes are very affordable and rates are still incredibly low. These rates are likely to increase in the near future.

Realty times explains that buyers have a great opportunity right now because home prices have risen but remain below 2006 bubble prices and interest rates have remained just above historic lows. Despite these facts, many buyers are hesitant to take the leap.

Experts recommend not waiting. The reason is, in order for a drop in home values to offset a change in interest rates, the drop would need to be pretty significant and experts are hopeful we won't see drops like that again any time soon.

Average home prices have seen significant increases since 2010. In the past year and a half, they've risen over 6% on average. If you're waiting for prices to drop to buy that dream home, you may be out of luck if you wait too long. At the current pace, the home you're looking at now might be too expensive in the future.

There aren't many people who keep their home for the full 30 year term anymore. Things like downsizing, divorce, refinancing, employment changes and moving up all affect the investment in your home. If you're thinking about buying a home, contact the Sandi Pressley team today and let us run the numbers for you.

 

Have An Awesome Week!

Sandi's Hot Home Listing

185 Ashley Lane, Corrales

Price: $475,000 Beds: 3 Baths: 2.5 Square Feet: 2,700

Check out this dream house w/your wish list met! With approx. 1.1 Acre this Private & quiet Sanctuary showcases stalls/barns, corral & workshop w/half bath-This private CORRALES lot is UNBELIEVABLE! Gorgeous Custom single story 3 Bdrm/3 Bath/2 Car Garage home features a spacious floorplan w/radiant heat, soaring ceilings w/viga & latillas, exposed adobe wall accents,2-way FP. View This Listing

AND HERE'S YOUR MONDAY MORNING COFFEE!!