As professionals in the real estate market, we ask this question several times each week. So we thought we would put some critical data together, share our opinion on the housing market, and answer that question.
Question: "Should we wait to purchase or buy now?"
Here are the data points we will need to discuss to determine our best.
Appreciation - shows the increase of the value of a property from a monthly, quarterly, and a year over year adjustment.
Forecasts - opinions from national real estate experts if properties keep increasing, slow, or plateau out.
Supply & Demand - shows the data related to how many buyers to sellers are present in the housing market.