Why You Should Start Buying Today

Why you have a better chance to find your dream home in this market.

Are you thinking about buying? Well, Mr. Licorice and I are here to tell you why you may want to start your home search today.

If you’re thinking about buying a home, you probably have a lot of thoughts going through your mind. You have your own needs to consider, higher mortgage interest rates, the prices of homes today, and finally, whether it’s time for you to enter the market. Should you jump in the game and start looking to buy that home? While some buyers are sitting on the sidelines, there’s a reason other serious buyers are getting involved, and it’s that there’s more inventory for sale.

What’s causing this housing inventory to grow? Let’s check out the graph at 0:59 in the video. Basically, the inventory growth is primarily from homes staying on the market a bit longer. This is known as active listings. That’s happening because of the higher mortgage rates, and home prices have helped moderate the peak frenzy of buyers’ demand.

“More housing inventory means you have more options.”

So this graph is showing the active listings, which have risen in the last five months, and that’s what you see in green. Why is this growth good news for you? More housing inventory means you have more options and less stress as a buyer.

If you were out there the last two years looking to buy houses, you probably submitted multiple offers. You lost many times, and it was super frustrating. There are still pockets of this happening today. We just put an offer in for somebody for $61,000 over asking, and we didn’t get the home.

The bottom line here is there’s going to be more inventory. Buyers will have a better chance of finding their dream homes.

If you want to get involved in this game, give me a call. I’d love to help you out. If you have any questions about real estate looking to buy, sell, or invest.