Finding Your Dream Home in a Competitive Market

We understand the concerns you may have about buying a home in a time of higher interest rates and low inventory. In this blog post, we will explain why now is actually a great time to get notified when houses come on the market and why it's the perfect opportunity to explore the possibility of selling your home. Don't let the uncertain economy deter you; read on to discover why this might be the best time to make your move!

Buying in a Time of Higher Interest Rates and Low Inventory

Buying a home when interest rates are higher and inventory is low can feel intimidating, but it's important to look at the bigger picture. With interest rates still historically low compared to previous decades, now is a great time to lock in a mortgage rate before they rise further. In a previous post I indicated we are in a seller's market but let's look at some data and how we can analyze it to help you decide what is best for you in this market.

• 78% of all agents report that even at ~7% rates, buyers still outnumber sellers. (Source: John Burns Research and Consulting)
• Not only that, only 30.3% of homes on the market have taken a price cut. (Source: Altos Data) For context, we'd typically see that number accelerate at this time of year, but it hasn't.
• That's because inventory is tight and buyers are pouncing on new opportunities.

This data confirms the story that we've seen happen in our market again and again: As soon as a great home hits the market at the right price, buyers are there.

It's important for my move-up buyers to understand it can never be a seller's market the same time it's a buyer's market. You're not going to be able to sell at the height of the market and buy at the bottom of the market at the same time. If you go ahead and sell today at the height of the market you've got to go into a rental so likely all of that extra profit that you made selling in the high Market is going to get sucked away while you're in the rental waiting for the prices to come down. Don't base when you buy on whether the market is high or low.  

Buy based on when the product that you want comes on the market!

What is important is we have our pulse on the market and can help you stay informed about new listings as soon as they hit the market. By getting notified early, you can seize the opportunity to secure your dream home.

The Perfect Home: Have You Waited For Months/Years?

We understand that finding the perfect home can be a long and frustrating process. Many buyers have been patiently waiting for months, or even years, for the right opportunity. But now is the time to take action! With our advanced notification system, we can alert you the moment a property that matches your criteria becomes available. Imagine the advantage of being the first to know about a hidden gem that perfectly aligns with your vision. Don't let the fear of an uncertain economy hold you back—start your search today and let us help you find the home you've been dreaming of.

Exploring the Possibility: Selling Your Home in a Hot Market

For home sellers, now is an opportune moment to explore the possibility of listing your property. The demand for homes is still hot, and low inventory means that your home may stand out and attract multiple offers. Our experienced team at Carter Group Realtors will guide you through the selling process, ensuring that you receive top dollar for your property. Take advantage of the current market conditions and consider selling now while the demand is high. We'll help you navigate the market and make the process as smooth as possible.

Next Steps

At Carter Group Realtors, we are committed to making difficult real estate decisions easy for our clients. Whether you're a second-time move-up buyer or a first-time buyer, now is the time to act. Higher interest rates and low inventory shouldn't deter you from finding your dream home. Get notified when new houses come on the market and take advantage of available opportunities. And if you're a home seller, explore the possibility of selling your property while the demand is still hot. Don't wait any longer—let us help you make your real estate dreams a reality!