Real Estate Limited
Create a free HomeFinder Account    Login   |    Register
Welcome!    HomeFinder   |    Log Out
  • Search & Tools
    • Start Search Here
    • Explore Places to Live
    • My Homefinder
    • Let’s Talk About It
    • What’s My Home Worth
  • Seminars & Events
  • Client Page
  • About Us
    • Our Profile
    • Testimonials and Reviews
    • RE/MAX and Its Agents
    • Contact Us
Home » He/She Who Hesitates…

He/She Who Hesitates…

October 21, 2021

I was speaking with a potential client the other day and she was telling me that she had decided to sell her home and then “wait to buy until prices dropped.” I felt shock, followed by dismay.

I don’t know why, but I’m surprised when I hear folks say they are waiting for a housing price drop. Why? Because I’m really quite certain – and so are the experts – that this is just. Not. Going. To. Happen.

Those of us who study the market (and rely on credible news sources and data-driven predictive models) know that home prices will not drop anytime soon. There are lots of reasons for this, and I can go into exhaustive detail. But suffice it to say that:

  1. Home equity in America is at an all-time high.
  2. Lending practices are solid.
  3. There is a housing shortage caused by, among other things, a lack of new builds over the past decade or so.
  4. Housing affordability is terrific.
  5. Rental rates are increasing, and inflation will only drive them higher. A low mortgage interest rate is your best hedge against inflation.
  6. And the icing on the cake: demand, driven by the pandemic.

Here’s a graphic, courtesy of Keeping Current Matters, showing the best predictions on where home sale prices are headed in 2022.

As you can see, the RATE of appreciation will slow from what we have seen over the past two years, but the appreciation will continue. And, based on expert opinions and real data, we don’t think this will change for several years to come.

If you’re not convinced, reach out and I will be happy to share plenty of additional data. If you’re on the fence about buying, here’s my advice: this is not the time to hesitate.

Have a Question?

Recent Blog Posts

8 Reasons to Buy Your First Home in the Winter

Avoid Potential Turnoffs for Prospective Home Buyers

Seven Ways To Create A More Beautiful Front Door Entryway

Is It Time to Replace Your Rain Gutters?

Home Buying Tips for Teachers

The Welcome Home Team

The Welcome Home Team
Team Website

Contact Info

RE/MAX Real Estate Limited
297 Kinderkamack Road
Oradell, NJ 07649

Phone Numbers
Office: 201-599-1100 Ext. 306
Contact Us

Connect With Us

  • Facebook
  • LinkedIn
  • Instagram
  • YouTube
  • Contact

Find Us On Facebook

Facebook Pagelike Widget
Each RE/MAX® Office is Independently Owned and Operated. Equal Housing Opportunity. It is illegal to discriminate against any person because of race, color, religion, gender, handicap, familial status, or national origin.
engageRE is a trademark of real.leads Inc. All other trademarks are the property of their respective owners.
Site Powered by engageRE | © 2023 real.leads, inc. | Select images used with permission - © Can Stock Photo | WordPress Access | Agent Portal