Why does the current housing market feel like you are on a roller coaster ride in a fun house you might ask? Well currently there are 300,000 (ish) active listings in the US. For the market to be "balanced" we need around 1.5m. That's like walking into the grocery store and 80% of the shelves are empty. Interest rates will see 3 hikes in 2022. Roughly 1% of interest is equivalent to 10% of price when it comes to your monthly payment.
We are actually seeing people who purchased just LAST YEAR make a SIZABLE amount of equity in their homes should they need to sell this quickly. If you are on the fence, it is time to get off and make your move BEFORE the various rate hikes! In this episode, Clay Winder sits down with our very own young investor, Jordan Larsen, to talk about why you should buy now and wait instead of waiting to buy.
