The Real Estate Market

The first thing most people ask when I tell them I am a Realtor is, "how's the market?" Well I'm going to tell you. Currently, as many if you already know interest rates on home loans are at a wonderful number right now. Many lenders are telling me that they do not anticipate these rates going up much over 4% this next year. While this is great news, and many buyers may think they can wait to buy there are also a few reasons why it may be better to buyer sooner than later. The Oklahoma market is starting through a transition, while our market is currently stable we are starting the swing into a sellers market. What this means for buyers is that there will soon be fewer houses on the market and those sellers will likely be seeing multiple offers either meaning the house you love could be gone or that you might be paying more than you should for it. So don't let that dream home get away from you!