Interest Rates Falling
There’s a key time to buy when interest rates start to fall, but before sellers realize it. That time is now. Since the stock market has been falling, interest rates have dropped from 4.4% in January to about 4% now.
Normally in real estate, prices drop when interest rates rise because buyers can’t afford as much debt. At 4% you can afford plenty of debt. Prices have leveled off from their peak late last year. That means now is a great window to buy.