Published November 6, 2023
Buyers still buyin' and Sellers still sellin’ in every market.
With high interest rates, hefty mortgage rates and inflation baring down on people, the narrative has been that it is not a great market to buy in. People are saying it’s best to wait for one of those beastly price components to come down a little. It’s understandable because buying a home or property can be the biggest purchase of peoples lives.
The reality is - that no matter the financial and economic climate, life goes on. People have to relocate for work, divorces occur, folks pass away, income changes drastically.
There are lots of reasons resulting from basic everyday life that someone might have to sell their home. Even though it’s a time we’re told is inhospitable to buyers, the reality is that is just a perspective.
Zillow is reporting that in 2024 homes will have appreciated by 4%. That means a home listed now for a million will be 1.4 next year.
As a basis for comparison we tend to look back on times with lower rates, with nostalgic fondness. Big bad reality is that as our life and economy progresses, in our adult lifetimes- when we need to buy a home, things might not look like that ever again. And in years going forward if our economy stays strong, homes appreciating will likely cause a higher price tag. But if we get on board and buy now, we will be a part of the homeowners benefiting from that 4% appreciation.
It’s a great time to really take advantage of a team of professionals who can point you in all the right directions and help you make the most advantageous choices during the buying process. It’s way less intimidating when you have an experienced, bad ass group of professionals like the Monday Team spearheading the buying journey with you.
You can refinance, you could acquire someone’s preexisting lower interest rate, you could look into owner financing, you could qualify for cool programs you didn’t even know existed!
There are tons of awesome homes listing and tons of options for how you could finance your purchase. The market always, always, always, slows during the holidays because folks are really bedding down in the colder months and prepping for holiday celebrations etc. Articles and the ever illusive experts will be claiming that prices are going to drop, don’t believe the hype. It translates to market slows before Christmas Ya'll. It’s not any kind of price improvement. There are really cool homes of all prices on the market! If you’re in the market, don’t be scared. Remember to zoom out and keep some perspective.
Don’t miss your dream property because the popular narrative makes it sound like a bad time. We could look back at this November and think “dang, should made a move!”
The Monday team is working through the holidays, and available to answer any questions you might have, and we are ready to make action happen.
We got you boo!
