Dear Future Homebuyer #3…

• Rising inventory levels. Yes, finally, more homes are being offered for sale. The market ended the month of September with 1,913 active listings, compared to 1,630 a year ago, which is an increase of 17%.

• Economics 101: more homes for sale = more sellers + fewer buyers will push prices down.

• Stabilization of interest rates. This has been a topic of conversation for 2 years. Rates will not change substantially anytime soon.

• Rent rates continue to rise. Most landlords are raising rents to cover higher taxes and possibly higher HOA fees.

• Mortgage interest and taxes are typically tax-deductible.

NOW is the time to buy.

If you have thought about buying, let’s chat. If you haven’t, let’s chat

I’m always up for 9 or wine! Go Deacs.