There is a wide selection of top-quality homes to choose from on the market today. If you're interested in looking at all the current homes that are listed, GO HERE to perform a Full Home Search, or if you're considering putting your home on the market, CLICK HERE to obtain a Free Home Value Report. For any other questions you have regarding real estate or the value of your home, please feel free to call me at (610) 427-4420.
First of all, home prices are finally stabilizing. We’re not seeing those dramatic upward or downward spikes that are typical of a turbulent market. Right now, prices are fairly calm, fairly even, and fairly predictable, making now a great time to buy.
We also expect that there will be more homes on the market this spring than there have been in the past. Again, part of this is because home prices have calmed down and now we can predict where they are going to go. That means that any sellers who have been on the fence are now ready to put their homes on the market.
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When interest rates go up, buying power goes down.
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Additionally, inexpensive mortgages could disappear soon. Right now, interest rates are historically lows. However, everything we see in the economy indicates that we will see an increase in rates. For every 1% increase, your buying power goes down by 10% to keep the same monthly mortgage payment.
Finally, if you’re renting right now, you know that rentals are at a premium. When that happens, landlords jack up the prices. Keep in mind that when you’re renting, you are paying a mortgage; it’s just not your own.
If you have any questions, give me a call or send me an email. I would be happy to help you!
