I know that buying now may seem like not the best time since the interest rates are going up, But if you are currently renting, and if you're able to qualify, I think buying is still the best way to go.
As of January 2023, many experts are predicting that 'floor' in home prices in the Colorado Springs area may be a month or so away. [Ultimately it depends on what the FED does....but if things keep trending the way the yare now, the housing floor is not far off] So, if you are able to buy now, this is when you're most likely to get the best deal on a home.
Either way, once interest rates start decreasing, home prices will start increasing. And, with the Housing Shortage, that will likely mean bidding wars again.. So, now is a great time to get the home search going!
I guess the main question to ask yourself is: "Would you pay a higher sales price or a lower sales price for the same home?"
There are 4 ways to look at a home purchase right now if you are able to qualify.
We just wanted to reach out to say thank you for all your help in the past as our real estate agent. We have had a few more experiences as we have bounced around the country, and we definitely feel that when we measure real estate agents up against you they consistently fail to meet our expectations. You were excellent and showed us what right looked like in the real estate business. Thank you again, and since we are in New Mexico now please let us know if you decide to sell real estate here as well because we want you to represent us!