Reply to Anyone waiting till next spring to buy?

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[quote=Anonymous][quote=Anonymous][quote=Realtor4you]OP...good question...I know it can be frustrating. I have clients that I can't find any inventory for as well. Try to keep positive.  Here are the facts: Interest rates will begin to climb slowly. They have already ticked up about .75% over the past six months.  Home values continue to climb year over year. The July stats were released on the 10th. For MoCo, the average sold price was up 5.98%.  You can check your area at www.rbiintel.com or email me and I can send you a report based upon your zip code of interest. According to the "gurus", for what it may be worth, this trend is likely to continue for a couple of years due to low inventory and as builders begin to get ramped up again.  Try to stay positive as it doesn't appear that interest rates or prices are likely to go back down anytime soon.[/quote]

I feel really feel bummed out. I know that I got a great deal if I am comparing to the peak market, but I should have bought it earlier this year where interest rate was like 2.6% for 15 years and house prices were cheaper. I rushed and bought a house few weeks ago during this hype and settle this week. I am keep seeing the market calmed down and the new listings stay on the market for weeks now without being on pending status just makes me feel sad (during the time when i was hunting, it usually went under contract within days) but at least i am keep telling myself that the previous owner paid almost 100k for what I just paid. (Got it for 350k)

Hope I made the right choice with this investment. [/quote]

Congratulations! You're a homeowner. Don't dwell on what could have been. Hopefully, you have a home that you like. Interest rates are still historically low...just ask family or friends who were buying homes with interest rates at 15+%.[/quote]

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