The Entrepreneurial AgentDecember 06, 2022

Real Estate Buying Opportunity?

Hey gang, real quick. Last year, the real estate market was so hot that many buyers had to pay over asking price and struggled to make favorable terms on their deals. But today's housing market is allowing buyers more room for negotiation and discounts. We're really setting the stage for a potential opportunity here.

There are signs now that inflation is beginning to ease. We're looking like the reports in the next couple of months are gonna. Softer inflation month to month to month and long term interest rates, they tend to follow inflation. So if inflation's hot rates get bad, when, when inflation starts to tend to soften, rates get better.

So we're thinking we're gonna see some, some really nice rates in the first quarter of next year. The thing is that when those rates come down, those home prices are gonna be affordable to, to many more buyers. But at the same time, the inventory levels are still way below the national averages. If the level of buying activity increases in a market with tight supply, adding to that, the, the, the springtime move when people relocate for schools and moving in and outta the area, [00:01:00] prices are gonna be well supported and remember.

You know, there are ways to bring the payment down today with a temporary buy down as well. So there's a lot of great opportunity right now in the real estate market opportunity to get in now before it starts to get crazy in the spring. Let us know if you have any questions. Would love to have a deeper conversation with you about that.