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Thinking of selling? Click here for a FREE Home Price Evaluation
Call us at (864) 527-7685 for a FREE home buying or selling consultation
Today, I'd like to address one of the questions from our clients. A lot of people have been asking, "Should I wait until winter to buy a home?" Many people think buying in the winter will save them money, but my answer may surprise you.
Of course, real estate is supply and demand. When supply is higher and demand is lower, then prices will come down. When supply is lower and demand is higher, prices will rise. Right now, we're seeing low supply and high demand.
With our current market, I don't believe that home prices are going to come down during the fall. I don't see any point in waiting until winter in order to save more money. Prices may stabilize in the fall, but it doesn't look like they are going to drop. In fact, if you wait, you may do yourself a disservice, especially if interest rates rise. Higher rates means less buying power.
If you have any questions, give me a call or send me an email. We look forward to hearing from you!
Hi admin,
ReplyDeleteI read your blog, its really awesome,
The rental housing supply is not keeping up with the demand. Affordability is an issue that will be exacerbated by growing demand. The concern is that apartments and houses for rent absorb more than thirty percent of a renter's income.
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Your regards
Alfaj Ripon
Hi admin
ReplyDeleteIts terribly amazing, that's the blog you admire I likable it.
Trying to find a house for rent can be very frustrating, to say the least. Most people complain that there just is not enough houses for rent to choose from.
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Best Regards
Joan Gill