3 Reasons to Buy a Home

The recent National Housing Survey by FannieMae found 82% of respondents believe it’s a bad time to purchase a home. In today's market update, I aim to dispel this belief. 

Three reasons why now is actually a good time to buy. If interest rates continue to rise, there is a cost to waiting. And if you buy now, many lenders are offering programs to allow you to refinance with little to no cost when interest rates drop. 

Secondly, given the continued growth of the valley and lack of inventory, we can expect prices to shift up again in the near future. 

Finally, we may be at the bottom of the market, which is always a good time to buy. Demand is higher than supply, which will put upward pressure on prices. Demand is below normal and so are active listings.