There’s nothing spooky about this real estate market!
With recent headlines full of discussions about rising interest rates, market fluctuations, and affordability concerns, it’s easy to feel spooked. But remember, the market is complex, and there are always opportunities for those willing to look.
Here are three reasons to keep calm if you’re buying or selling this fall:
1) Mortgage rates are still competitive.
Though rates are higher than a few years ago, they remain moderate compared to historical averages. Since 1971, U.S. rates have averaged around 7.74%, peaking at 18.63% in 1981. Buyers who purchase now can build equity and consider refinancing if rates drop in the future.
2) Investment opportunities are on the rise.
Economic uncertainty often makes renting more appealing, creating solid opportunities for real estate investors. Whether you’re interested in rental properties, vacation homes, or even real estate investment trusts (REITs), now is a strategic time to diversify your portfolio. With the guidance of your real estate agent, loan officer, and financial advisor, you can find options that fit your goals.
3) Housing remains essential.
Market cycles may come and go, but housing will always be a fundamental need. Population growth and economic shifts drive consistent demand, as people will always need a place to call home.
Let’s grab coffee and chat about your goals! No pressure—just a relaxed conversation about what’s best for you in today’s market.