The Market is cruising right along…
Once again, the experts are making predictions. This time they are saying it could be a buyers market by a very slight margin in the coming year.
I don’t know about that, there are just too many variables. I mean, I really don’t know and I’m saying I don’t know how they think they know.
Its conceivable that the FED will raise the rates and sellers will be less eager to sell because they are no longer motivated by good profits. I could also see the 3 times as many buyers that are in the market right now as sellers not caring too much about the interest rates… Rates go up, rents will go up also.
Then… if rates stay down, the appreciation will continue. Either way, rents aren’t going down and if you will be there for 7+ years, buying now is probably a wise financial choice. If you don’t know how long you’ll be there… Call me, I’ll help you make the right decision.
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