I’m excited to have Troy Peterson of Fidelity National Title Agency join me once again as we continue our real estate Q&A series. Today I’m answering two more important questions.
“The last housing correction was over 10 years ago, aren’t we due for another one?”
You would think so. Our market typically cycles every five to seven years, but we’ve been in this one for a decade. Although we’re technically due for a correction, I don’t see one on the horizon based on our current supply and demand.
“Pricing will continue to go up, but rates won’t stay this low forever.”
“Good investors always sell high and buy low, so why would I want to buy now?”
That’s a really good question. Are you more price-conscious or rate-conscious? Pricing is going to continue to go up over time, even if we have a downward cycle to go through. If you want a low monthly payment on your investment, however, we don’t know how much longer these historically low rates will stay.
If you have any questions for us about buying, a home, or real estate in general, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon.