The Cascade Team Blog

Ever wonder when the right time to buy home is: The answer is almost certainly - right now! Of course, you have to make sure you can afford it and can qualify. But I have mortgage lenders to help with that process. But before you do that, don't take my word for it. Here is some pass statistics to help you understand where we are and why now is a great time to buy.

-The last decline in homes or the bottom of the market, was March, 2012. At the time, there were 2.4MM home Nationwide in for sale.
-After the bottom, there was 8% appreciation in the value of the homes.

Current Situation:

-You want to buy right before the bottom - because timing of the bottom is near impossible. And if you buy on the way up, you have lost some gains.
-There are on 980K home in inventory Nationwide (AZ has about 17K of this inventory). 
-When rates begin their decline, then that shortage of inventory will cause prices to go UP, UP, UP!

As always, here to help with all your real estate transactions and questions,

Tom

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• buyers (58)
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