BUY A HOME NOW! PRICES ARE ON THE RISE! – NOT
Is Now The Time?
Is Now The Time?
Who has the best advice?
I always tell my clients that only if the person making the above prediction retired young and on the basis of such predictions should they pay attention. Unfortunately that person is probably on the beach somewhere enjoying a Margarita. The pundits still working are just guessing.
Which forecast is best?
Will prices go up? Certainly. But when? And, perhaps more importantly what are prices doing in your neighborhood. Just as “all politics are local”, the same is true for home values. The state or national trends may have some use, but not if you are buying in Washington Park or Highlands Ranch or Park Hill or…you get what I’m saying.
An experienced broker in your market should be able to provide data for you that will show how your selected neighborhoods have faired over the past several years in both the up and the down markets. You can then make an informed decision regarding where to purchase knowing that history.
The Denver “connection”
In our Denver Metro market their are several neighborhoods where prices have been flat with even some upward movement over the past year while other neighborhoods have decreased in value by 30%. There can be reasons to purchase in either. You just want to be an informed consumer.
Need help answering these questions?
You can contact me at russ@buyerbroker-denver.com or at other contact information on this page. I am an exclusive buyer’s agent with experience in all of the greater Denver markets.