I mean, really.
What has to happen here, for you to take action and buy an apartment? I have been talking about it for months, and in some cases, at least a year. Maybe even longer. I haven’t checked. But I haven’t been this optimistic about the market for buyers at every price point, in some time. Maybe ever.
- Right now, the stock market has finally, finally started to show some slippage. So, if you’ve made money in the market, TAKE SOME OUT.
- The different benchmarks that help determine mortgage rates are at all-time lows in some cases. So, expect mortgage rates are at their lowest AGAIN.
- AND, asking prices are SO low right now on apartments. And sellers are accepting deals and are ready to move on. Sales Volume is up, across the board.
- Lastly, we’re starting to see inventory levels DROP across the city.
SO, again, I ask you- what are you waiting for? I could hold up a sign on the corner, but let’s just say that this blog post is my sandwich board.
It’s time to take action.
I have heard many different suggestions as to why the market could soften further, but I am not seeing it in the actual data about inventory. Those voices start to feel like wishful thinking.
I don’t want you to end up looking like our gentleman in the photo. You can wait forever, and likely you’ll miss the moment.
I’m not calling a bottom, but everything in my experience is saying that we have already passed it, in Q4 of last year. -Scott