Trying to Time The Market? Buy Now or Wait?
"Trying to time the market almost never works and can't be done from the sidelines. What is not widely understood is the impact interest rates can have on the real monthly costs of homeownership. Even a 10 percentage point drop in home prices is immediately nullified by a mere 1 percentage point increase in interest rates on a 30-year mortgage. This relationship between interest rates and home pricing remains essentially the same at any price point.
Even a slight increase in mortgage interest rates can offset a significant drop in home prices. There is little to gain in this scenario and much to lose if home prices rebound or rates jump."
The folowing % scenarios are true for any price property:
Contact me today to schedule an appointment to find your ideal mountain property at the best time ever to invest!
