Is It The Right Time to Buy?

Many experts believe that right now is the right time to buy if you’re contemplating the purchase of a new home. There are a few major ways to assess a real estate market: inventory, interest rates and home prices. Estimating the stability of the housing market can be extremely difficult, but even you can get a relatively good picture by looking at these three aspects.

The housing inventory right now is limited. Construction companies have eased off on the building of new homes because they do not want to upset the stability of the market, and this is a good thing. It means homes will remain in high demand for years to come. Interest rates are rising, as are home prices. These two things together mean that right now is an ideal time to take advantage of lower interest rates and lower home prices.

In coming years, the property values will continue to rise and it will become more difficult to buy a home. Those that buy a home now will be able to reap the rewards of a successful investment.

For more information about the real estate market in the Orange County area contact realtor Judy Qualls, your OC realty agent.