What can you expect in twenty twelve?

| Thursday, January 5th, 2012 | 4 Comments »

Cara in the HouseWell I’m sure there are a lot of things you can expect this year but since I’m in charge let’s narrow it down to just real estate. Will home prices keep falling? Will interest rates go back up? Will home sales rise?  I just shook my magic 8 ball and here is what it says: things are looking up.

Yes, prices have been steadily falling but the general consensus for those of us in the biz is that they may decline a bit more but most likely they will stay about the same. Foreclosures and short sales will continue to drive prices down a bit which is good and bad, depending on who you are. If you are looking to buy this year, good for you! If this is the year you plan to sell, maybe not so great. But interest rates are once again at historic lows so it will bring buyers out of the woodwork, making home sales rise and hopefully decreasing the amount of time homes will sit on the market.

Should you buy or wait? My advice is buy. If you already own a home, buy an investment home. If you are renting, take advantage of the low interest rates…you will probably save money.  Will waiting another year ensure that prices will drop even more? They might, but what if interest rates go back up? Then it won’t matter. Take advantage of low rates and pretty low home prices. As long as you don’t have to turn around and sell your home in the immediate future, it’s a smart choice.

As for me, my goal is once again to do better than I did the year before, continue to make Cara in the House a recognizable brand and improve the real estate market, one happy client at a time!

 

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4 Comments

  1. Lee says:

    Thanks, Cara…lots to think about as I plot my next decision.

  2. hannah says:

    You had me hooked at the first line. You are smart AND funny. I love that.

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