Moving Up to Your Dream Home? Don't Wait!

Real Estate

“In the current housing market, the driving force behind the increase in prices is a low supply of both new and existing homes combined with historically low rates. As mortgage rates increase, the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home prices.”

 

If you are thinking about moving up to your dream home, waiting until later this year and hoping for prices to fall may not be a good strategy.