Real estate prices are higher than ever -- higher than they were when the real estate bubble popped in 2007. And yet, there are still 5.2 million homes that are underwater. Additionally, in many cities, housing is unaffordable to the people who live there. What gives?
Rising interest rates could make the buying pool even smaller. That is probably the major contributor to home sales falling for the 3rd consecutive month in May.
So, should you buy now while interest rates are low, even though you might be buying high? Should you sell high? Where will you move if you do?
Let's discuss this by the numbers. If you have particular questions, please call my office at 310-430-2397 or email info @ NataliePace.com.