SUMMARIZING MARKET THOUGHTS
Does it seem like everyone is saying different things? Don’t know what to follow or what to listen to? While processing and predicting the market is fine, there are best practices that hold true through any market. The truth is markets fluctuate, correct and change. Good investment and Real Estate practices apply in any market. Our goal is to bring you guidance on the market, so that you can make an informed decision on the current market that you are in.
REMEMBERING NORMAL MARKET BEHAVIOR
The key is to not be radical or rush a Real Estate decision. This large asset needs to be thought out and planned for. When thinking through your Real Estate plan in 2022 (any other year) remember that the market fluctuates. Remember that a balanced market in the Des Moines Metro means homes may have a longer shelf time, interest rates will be higher than the last two years, prices won’t be as inflated, and buyers will have more say.
HOW DO I ACT RIGHT NOW?
First, it is always a good idea to speak to people who are in the market everyday! A Good Realtor can point you in the right direction and refer you to a trusted lender. Second is remembering that the Market fluctuates. Maybe home prices do decrease but they will increase again. It goes back to principles. A good investment is defined as long term. As a homebuyer if you are invested in the long-term, basic Real Estate knowledge says you will see a return in the long run.
Stay calm and make an informed decision, that is what the PCA Real Estate Team is here for!