4 Reasons why NOW is the time to buy a home
Over the past year, the Austin housing market has returned back to a buyers market after months of seller advantages including low inventory, multiple offer situations, and record-low mortgage rates following the 2020 pandemic. Buyers that were previously on the fence about purchasing a home under those conditions are now offered an opportunity to take advantage of the current market conditions and purchase a property. Inventory is steadily increasing, home prices are still increasing but at a more sustainable rate, and mortgage rates recently dipped to the mid 6’s during the first week of 2023.
Here are 4 top reasons why NOW is the time to buy:
- It’s a true buyer’s market
- Little-to-no multiple offer situations
- Mortgage rates continue to stabilize after a steep climb in 2022
- Sellers are willing to buy down rates
Our team at Culhane Premier Properties is here to serve you. Our agents are seasoned professionals that specialize in homes all over the city as well as lake and golf home communities. If you or someone you know is thinking about buying, NOW is the time! Contact our team today to get started.