01/20/2024
When will prices fall??
Well, the housing market right now is a lot like a stand off. Something needs to move, but both no one wants to make the first move.
Homeowners who have been locked in at a low rate don’t want to put their house on the market and risk getting “less house” thanks to housing prices and mortgage rates rising.
Home prices won’t budge because inventory is low and homeowners need to get the most out of their sale to afford where they are going.
TOTAL STANDOFF.
So, what does this mean for you???
Simple, you have to do what’s best for YOU. If you are currently in a home you love, stay. If you are in a home you don’t love but don’t think you can afford to move, talk with a Realtor 🙋♀️ and a lender to get the truth about your numbers. Then make an educated decision based on those numbers.
If you really want to find a place you love and have the means to do so, let’s list your house and get you moved! Just because nationally a lot of things are considered unaffordable for people doesn’t mean that everything is unaffordable to everyone. If you want to buy and you’re able, you totally should! I'm here to help you every step of the way! You know what they say, the best time to buy a house is always 5 years ago!
Message me the word ✨REDUCED ✨ to get a list of homes in our area that recently dropped the price 😉
Christine Coughlin, Realtor®
Realty Executives of St. Louis
📲 314-920-2710
☎️ 314-756-9100
📧 [email protected]
💻 www.ChristineSellsSTL.com