If I had a crystal ball I would answer this with confidence. In real estate there are many unknowns and predicting the future is nearly impossible. The one thing that is constant is what the market is doing right now.
Your best bet is to not count on the market to give you rapid returns like we saw in some areas of the country in 2005 to 2007. Look at your home as just that, the place where you build your life and realize your dreams. Home ownership has many benefits and those must be weighed when making a purchase. I'm not saying to make your home purchase purely emotional, as you do need to take into account the financial side of it, but keep them in balance.
The market in every part of the country is different, and we are very fortunate to have a strong real estate market here in the Tri Cities area. Our business sector is growing, our population is expanding and our jobs are stable.
If you want to know what is happening in your area, talk with a Realtor to find out. They generally have the most up to date market conditions specific to your area as well as interest rates and market movement.
Cheers,
Steve
No comments:
Post a Comment