Buyers today have the advantage of less competition and more negotiating power. That opportunity will evaporate as rates drop below 6 percent and more buyers come back into the market. While I would advise all buyers to jump in now, I also want to express caution. A buyer today is looking at the long-term benefits of owning a home: the lifestyle, stability, and protection a home provides. Yes, real estate will always go up in value, but short term, we could be in for a little more price instability.
So my advice? Buy when it’s the right time in your life. Make sure you have job stability and a little money in the bank. Then, go in with confidence knowing the Denver Metro continues to provide long-term appreciation and a beautiful place to live.
Well, that’s a wrap. Until next time, this is Nicole Rueth with the Rueth Team, powered by OneTrust Home Loans. It’s my pleasure to keep you updated…and say farewell to 2022!
Source: https://www.dmarealtors.com