As a professional in the real estate market, I get asked the question below several times each week. So I thought I would put some critical data together, share my 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.