Biggest Questions People Are Asking Now
More people are coming out of the woodwork and getting together now. So if you’re in the property game like myself, then you know what that means.
Everyone and their Aunt Nellie is going to be asking these questions about the real estate market.
In reality, there’s a lot of speculation about what’s happening in the housing market right now, and everyone thinks they know what’s going on in it.
So if you want to know my personal opinion, here it is:
Prices of property have stabilized after moving anything between 5% and 20% in the last few years. Those people who can prove their earnings and have stable jobs are still managing to get bonds and are buying property. Even if interest rates do go up, and there is a likelihood that they will – the interest rates are still low comparative to other years.
Buyers who have been holding back due to their reasons such as their own personal uncertainty, political unrest during July 2021 and murmurs of land expropriation are now back on the market and looking for good value property. These are especially renters and first time buyers.
So my belief is that the housing market will start looking different from 2022 going forward.
One thing for sure is that one can be confident that it is still a good time to buy or sell a home.
