Spring is coming, and most real estate agents are telling their sellers that now is the best time to list their property, to get the jump on the busy season… while this is true, there is also near record inventory on the market already, and houses are staying on the market for longer than ever in the last 5 years. What does this mean for you?

Interest rates, while still near all time lows, have in fact been increasing. If this continues, the “real cost” of ownership of house will rise. With inventory high, and Days On Market long, sellers are anxious to strike deals, and, as they know that interest rates are rising, they know they should sell sooner rather than later.

So what does this mean for you?

It means that there has not been a better time to buy a house than now in 5 years or so…

But see our recent posts on why you should have a buyers agent represent you from the beginning.

Here comes the sun, and here comes the best time to buy a house in recent years.

Happy Forthcoming Spring!