A lot of my clients are asking me the same question: Are we in the same situation as in 2009?
The answer to that is "NO".
The fundamentals that are driving the market today are not the same fundamentals that drove the market back then. What is creating this strong demand for houses is the low-interest rates together with the lack of inventory. But that doesn't mean we are in a bubble.
You also probably hear that they are going to bring up the interest rates to cool down the market. Predictions are that interest rates will be staying low for the immediate future. Since the Fed has committed to keeping buying bonds until the end of 2022. That means the demand for buying homes will be strong.
But interest rates will start rising eventually when more people get vaccinated and end of forbearances start and buyers would also start cooling down.
I have good news. We had an incredible 11% appreciation last year and we
are going to have about a 6% this year. So, as a matter of fact, this is one of the best times to sell your property.
If you would like to know the current value of your home or if you want to be in the loop of real estate and know first hand the ins and outs of the market I can help you with that.
If you know someone that would like to use my services, please forward this letter to them.
Choosing the right Realtor to sell your home is important. Experience, neighborhood knowledge, service, and strategy can be the difference between netting a higher price for your home, putting more money in your pocket.
For a no-obligation VIRTUAL meeting, phone call, WhatsApp message....feel free to
contact me at any time.