Local Buying Tips

The media is driven by ratings so they sound "alarmist" and try to make you feel like the world will end tomorrow if you dont listen to them.  We are not driven by ratings so we research and inform based on facts.  Truth is, 6% interest rates are historical normal.  In the 70's, rates got as high as 18%.  Obama lowered the rates to address the bank debacle of 2007 and enver meant it to stay that way for decades so alot of younger buyers thought that was normal.  It was not and enver meant to be.

SO as the feds try to balance the economy, they raise the rates.  Seems harsh but if they didn't, homes would continue to rise and eventually be priced so high, you and I would be homesless.  Rents across the nation are already anywhere from 30% to 200% higher than they were before the pandemic.  So the rising rates are also leveling off and even reducung home prices.  However, they also predict values will still rise over the next 5 years.  So the balancing act is to keep equity in your home you buy and get you a good value when you sell while not allowing homes to increase 100K in one year.  So today is still a good time to buy or sell so ask the professionals who do this full time every day.