It is a great time to be a buyer! But who knows how long it may last.
I remember going into an antique store and seeing a sign that read "The antique you saw today and want to think about until tomorrow is the same antique that someone else saw yesterday and will buy today" You can relate this to homes. Right now, many people are just looking. Some look so hard, they miss the best deals making sure they are getting the best deals. Don't let this happen to you. If the house fits your needs, and you plan to live there for a few years, seriously consider it.
WHY...Welll here in Gulf Breeze, Pensacola, Milton, Pace, Cantonemnt, Pensacola Beach, Navarre, Perdido Beach ...
Homes are more affordable! According to the National Association of Realtors' housing affordability index, homes are now more affordable than at any other point since the group started the index in 1970. The affordability index is a measure of the relationship between home prices, mortgage interest rates and family income.
There is plenty of homes to choose from. At this moment we have over 13.5 months of inventory in the Greater Pensacola area. This means if no other homes came on the market, it would take 13.5 months to sell all the available homes.
Mortgage rates are incredible LOW! You can qualify for a lot more house and still have an affordable mortgage.
Also, many sellers are willing to consider price negotiations or pay some additional closing costs.
Of course, this will all come to an end and you will be saying - "I was going to buy. Too bad I didn't!"