Why Now Is Still a Good Time to Buy a Home
Posted by Carey Frankel on
Why Now Is Still a Good Time to Buy a Home
TL;DR
- More Homes to Choose From: Inventory has increased significantly, giving buyers more options and less competition than in recent years.
- Prices Are Stabilizing: While prices aren’t dropping dramatically, the rapid growth has slowed, creating a more balanced market.
- Interest Rates Are Still Manageable: Though rates are higher than last year, they remain reasonable historically, and potential rate cuts could improve affordability.
- Negotiation Opportunities: With longer listing times and more price reductions, buyers have more room to negotiate favorable deals.
- More Competition if You Wait: Waiting for lower interest rates will most likely lead to competition with other buyers who are…
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