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It's the month of January, 2024. What does that mean to me, as a new home buyer?
People ask, on a daily basis, one very specific question… "Do you think we’re headed for another housing crash?" "Is it a good time to buy?" "Will rates go back down to 3%?"
Great questions… And they are concerns that have been on everybody’s mind.
The law of supply and demand will keep home prices solid... and appreciating at a steady pace.
Lowering interest rates will start to bring more people into the home buying market. And, that will create a bigger demand... that will lead to more competition... which will lead to higher prices....
Right now is a great time to buy. Less competition. Sellers are more willing to help with closing costs, and some will even help with the cost of a rate buydown.
Expected rate of appreciation for San Joaquin County for the next five years is forecast at around 5% annually. As you can see, you will be banking a good amount of money into your “housing bank”.Bottom line is ...You can feel confident that this is still a great time to become a homeowner.
Let's talk...