Buyers Against the Ropes
“When it rains it pours.” There are times in life when it seems impossible to catch a break. All the cards feel as if they are stacked against you. That is how so many buyers have felt for over a year now. The housing market has been extremely hot since June of last year and has not let up ever since. Buyers are faced with crowds of interest on just about every home that is placed on the market. Multiple offers are the norm. Homes selling for above their list prices is the norm. Homes instantly selling is the norm. It is tough to be a buyer looking to purchase in today’s housing market. It feels as if they are constantly against the ropes in a 12-round heavyweight bout.
For buyers, securing a home is exceptionally frustrating. Many are kicking themselves and wish that they could have purchased a year ago, knowing that homes have appreciated at record levels ever since. Yet, that kind of thinking is futile. Home values have gone up for decades. Rather than dwelling on the past, it is best to look at where housing is at today and where it is headed in the future.