Real Estate, "Deconstructed"

with Kristen McClurken, Keller Williams Realty

Notes

Why isn’t real estate the top story in the news anymore?

I want to know what you think about what’s going on in the real estate market today. If you have noticed, it’s not the top story on the news every night. In fact, you would be hard pressed to find any stories relating to the market anymore. Why? Because the market has turned from a buyers market to a level market and that isn’t scary enough to make the headlines. What does this mean? It means that inventory has started to go down and the price of homes isn’t expected to go down much further if at all. Don’t get me wrong, there is still plenty of inventory and it will take some time for us to fully recover but what I want to make clear is that if you were considering selling your home and moving up into a bigger house then the time to do it is now while you can get the best deal out there. Oh and guess what else? Interest rates are still unbelievably low. They were expected to go up after the home buyer tax credit expired but since the euro fell in Greece, the rates went down even further. It is the perfect storm right now and who know’s how long it will last. 

Are any of you out there considering buying or selling in the next couple of years? If so, give me a call and we can discuss some of your options. Maybe just refinancing is the right answer for you or maybe there is an opportunity to make an investment that will really pay off. Either way we can determine what works for you personally. Call me at 203-415-0288 TODAY!