Buyers Taking Advantage of Softening But Not Crashing Market

Interest rates may not go down for a while, and buyers are taking advantage of the softening market before it begins to head up again. 

Some buyers are waiting it out, seeing if the market will implode like it's 2009. But that doesn't seem to be happening while supply remains tight. 

I don't know anyone who is giving up their 30-year fixed 2.5% interest rate anytime soon. 

...And Still A Sellers Market!

Tariffs, weird economic rumblings, cryptos, housing shortage, global warming...what a strange time this is. How does this affect real estate?

Real estate has been interesting in the last 10 years. It was a seller's market (prices going up!), then quickly turned into a buyer's market (prices crashed), and since about 2014, has been a strong seller's market. We're due for a dip (buyer's market!), yet the shortage of housing has been keeping prices high.

It's not helping that a lot of people have found that properties are a good way to grow their money rather than banks. The passive income due to high rents is often too good to pass up. And the Airbnb potential of properties is causing a shortage in rental housing, not just housing to buy.

Forecasts are pointing to a dip in about 2020. Of course nothing's perfectly predictable. But what do we know for sure? It's a Seller's market. Prices have been going up for about 10 years, and if the equity is there, and you're ready to trade up, there's no time like the present.