In real estate, the basic concept is to buy the lowest priced house in the best possible neighborhood. This is called the “principle of progression” and it is the soundest way to protect your investment.
As we experience the fourth year of a sizzling seller’s market, this paradigm has been increasingly turned on its head. Despite rising interest rates and a choppy stock market, buyers far outnumber homes for sale. In our area, it is the best time ever to be a seller and the most difficult to be a buyer.
Today, we are in uncharted territory. As a buyer, not understanding the implications of current conditions could cost you.Read More