Well, we are in a very interesting space. There are not a lot of sellers out there currently. The main reason for this being interest rates. Many home owners have a ridiculously, historically low interest rate. And without a very good reason, they are not wanting to trade for a higher interest rate mortgage.
However, buyers are still out in droves. Which means low supply and high demand. This leads to prices increasing.
Now, here is the fun part. When interest rates do start to finally go down, that will increase demand. That means home prices are at the lowest they are ever going to be now.
So, if you are wanting to buy a house. They are the cheapest they will ever be right now. They are only going to go up in price. If you are looking to sell, there is so much demand out there. My last several listings have all sold within their first week on the market.
Too Long, Didn’t Read: If you want to buy a house, they will never be cheaper than they are right now. If you want to sell a house, there is so much pent up demand for them. Get a Realtor. I know a good one who loves to serve. Call me.
As always, I love doing what I do. I love looking at the market, and I love building relationships with the people I get to help. Let me know how I can help you. Call me today. You can reach me at 515.639.0047 or RyanLynch@KW.com. I am good at what I do, and I want to help you.
~Ryan Lynch
