The Case For Buying a Home During Higher Interest Rates
In the realm of real estate, the pendulum of interest rates is constantly swinging, sometimes favoring buyers, and at other times, sellers. But what happens when interest rates are on the rise? Does it spell doom for aspiring homeowners, or could it actually present a unique opportunity? Let’s explore why buying a home during higher interest rates might just be the smart move, despite conventional wisdom. Embracing the Present: Seizing Opportunity Waiting for interest rates to decline before purchasing a home is a common strategy, often fueled by the belief that lower rates equate to better deals. However, this waiting game can lead to missed opportunities and frustration, especially in…
Corona Virus and Real Estate
Who hasn’t heard of the Corona virus / Covid-19 by now and what’s going on in the world. But even that dark cloud is producing a silver lining of sorts for home buyers. It’s also presented a new and unique challenge on how we will conduct business as real estate agents, buyers and sellers. The Corona virus / Covid-19 is not just a health issues and global pandemic, it also affects our economy, including the housing market. It’s amazing how much our world has changed and how what happens in one part of the world can affect our local economy. In 2003, the SARS epidemic hurt the Chinese economy. The…