Should You Buy a House Now or Missed Your Chance? #tsr #housingmarket #interestrates #competition #biddingwars #buyinghomes #realestate The housing market has shifted – so should you be buying a house now? Find out more about the differences between then and now, and whether it’s a good time to buy! Is it a good time to buy a house? With the current housing market, many people are wondering if they missed their chance during the last few years of low interest rates and a red hot market. Let’s look at the differences between buying then and buying now. Back then, there was crazy competition with multiple offers and bidding wars being commonplace. Buyers often had to bring more cash up front to cover appraisal gaps when interest rates were in twos and threes. Now, there’s less competition with buyer demand not as high and fewer multiple offer situations. Houses are selling at or below appraisal prices with interest rates in the sixes and sevens. But keep in mind, if the interest rates were to drop, you could potentially refinance at a lower rate. So, is it a good time to buy? Well, it depends on your individual circumstances and goals. Do your research, consult professionals, and determine what’s right for you.

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