SUMMARY OF OUR MARKET - BUYERS NOW HAVE MORE CHOICES
Today, buyers are faced with making the decision of whether to buy now or wait. It isn’t just prices that are gone up, insurance & mortgage rates have increased as well. I am seeing buyers being cautious, worried they may be overpaying and taking on financial risk. Industry experts expect home prices to eventually level off. Jordan Grice, RISMedia editor, said, “The evidence continues to suggest that we are nearing the peak of the current housing cycle. People buying homes now in the most overvalued markets should be prepared to stay there for at least several years to ride out what could be a bumpy stretch for prices.”