“In general, yes. Interest rates are still historically low, but will inevitably increase, making it more expensive in the monthly payment for the same priced home. However, it is challenging with low inventory and high demand. Buyers need a proactive agent experienced in multiple offer situations to be successful in the current climate.” –Lex Lianos, Lex Lianos & Associates
“The market is strong, rates are still good and it makes sense to get in the game and enjoy one’s home, while creating equity and seeing appreciation over time.” –Judy Cranford, Cranford & Associates
“Homes are going under contracts at their fastest pace due to a very low inventory. Combine these two factors, you get supply and demand relationship that could be favorable for home sellers.” –Irina Babb at RE/MAX Allegiance
“Rates are going to rise, buying right now compared to waiting six months can save you hundreds of dollars per month. As the economy continues to improve we can expect rates to rise. It looks like we will may get to 5 percent within 2018. Which is still a great rate. Waiting to purchase can cause you to spend more money each month due to the higher rates.” –John “Rum” Rumcik at HomeRum.net
“Interest rates are still low, but have gone up a little in the last month. Stop throwing money away in rent, start making equity and get the tax benefits [by buying]. [For selling,] inventory is extremely low right now, rates are good for buyers and there are multiple offers being received on homes. I have sold three properties this year alone prior to listing. –Kevin LaRue, Century 21 Redwood Realty
There is not enough inventory [is] an understatement. It is a challenge to find homes in the $550,000-$950,000 range. It is a seller’s market for homes in that range and competition is fierce. Buyers have to come prepared to move swiftly. That is why it is critical to be well prepared and have a good real estate agent who knows the market, an excellent lender who has a reputation to close deals successfully and a title company with an eye for detail as part of your team. –Natalie U. Roy, Bicycling Realty Group
