Market Is Prime For Sellers And Great For Buyers
It's always hard to know when and if it is right for you to sell your home. To give you a good idea, here is what it looks like to sell your home during this pandemic. Right now the market is a seller's market. A sellers market is a market condition characterized by a shortage of goods available for sale, resulting in pricing power for the seller. A seller's market...
Is Now The Right Time To Buy?
Have any of you ever seen such low mortgage rates? I know I haven't! I remember growing up my parents always used to tell me how they bought their first home at an 18% interest rate. Wow! This week I put a nineteen year old first time home buyer in a new home at 2.375% and he moved in with only $500 out of pocket.
Now, no one can tell you when the right time to buy or sell is but here at The Morcom Group we want to make sure you have all the current real time information to make sure you make an educated decision. As stated from the world property journal “Mortgage rates fell below 3 percent for the first time in 50 years. The drop has led to increased homebuyer demand and, these low rates have been capitalized into asset prices in support of the financial markets.”Home buyers have rushed back into the market eager to take advantage of these low rates. In case you were wondering, here is what the current...
