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’m just waiting for the real estate market to soften a little bit more.
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