The market has slowed/stabilized in some areas and we are entering what is considered more of a "normal" market. Interest rates still are very favorable and often this could be a good time to purchase a more expensive home. For instance; if your home was valued at $200,000 and you were looking at a $300,000 home, there would be a difference of $100,000. If home prices fell approximately 5%, your current home would be valued at $190,000 and the new home would be valued at $285,000. This difference is now only $95,000. |
