Prices are dropping... Inventory is high...
I get this question all the time. I’m sure every Realtor does. These days every accountant, grocery checker, and therapist probably does too. Sometimes I get it from first time homebuyers, sometimes from people who’ve bought and sold several houses. My answer varies. Sure, housing inventories are high and buyers are calling the shots on price and terms- but for a person who is serious about making wise decisions, the answer to your question depends on more than just the climate in the housing market. It depends on where you are financially, if you plan to move out of the area in the the next 3-5 years, or if you’re going to have 3 babies in rapid succession…
Other people just like to hear everyone else say it’s a good time to buy. If you are one of those people, here is an interesting article from the New York Times.
Thanks to my #1 Client Matt for sending that over.
