Real Estate Agent- Lic# 01317775, Coldwell Banker Coastal Alliance
2 years ago
My answer to this question may be surprising to some of you, but I have seen many changes in the market since becoming a real estate agent. I've seen properties jump to unbelievable prices and watched them drop just as fast. In my days as an agent, interest rates have changed from over 7% to under 4%. I actually purchased my home back in the 80's when the interest rates were just below 12%.
This question, "Is it a good time to buy?" can only be answered by the buyer. I love my home and when I purchased, not once did I ask myself, how much could I get for it down the road. I truly believe the value of homeownership has changed for many of us. The "American Dream" to own your own home is no longer that. For quite a few years now, it's become a pyramid scheme to see just how much one can make with buying a property and reselling it. I'm all for investing, but what happened to the joy and happiness of finding that house and making it "your home".