I make it a point to keep up with the economic forecast, particularly in regard to our housing market. This week's news reinforces that it continues to be a great time to buy property. Interest rates are great and there's still a healthy supply of homes out there thanks to the media who have led consumers to believe that all of the US economy's problems are because of the housing industry. Interestingly, 95% of mortgage holders are making their mortgage payments on time. That's certainly not the portrait I see being painted in the news!
What I think is worth being cautious about is buying a new home without selling your current home in today's market. Unless you are secure and comfortable financially and two house payments won't completely stress you out, I wouldn't recommend purchasing your next home without having a solid contract on your existing home. It's important to weigh your options before making a commitment to two homes and talk over the situation with a trusted financial advisor and a Realtor whom you trust to give you a solid picture of your current market conditions and their honest opinion on how quickly they believe your current home can be sold.
About Me
- Gwen Williamson Mathews
- Yes, I sell Real Estate and yes, I do really love it! It's rewarding and I’m pretty darn good at it. I’ve always had a thing for houses and been fascinated by architecture but mostly, I like the people. Houses are fun however it’s clients that keep me in this business day after day! Nothing is more satisfying than helping my clients find the home of their dreams and when the time comes to move on, being there to help them sell that same house as quickly and as profitably as possible. Once upon a time I worked in higher education administration. I have an undergraduate degree from Transylvania University in English and Sociology and a master’s degree from The University of South Carolina (USC). After about 15 years of working in development and student life positions at The Savannah College of Art and Design, USC-Columbia and Transylvania University, I saw the light of real estate and discovered that I could be just as helpful to people as a Realtor as I was as a college administrator. Plus, I never have the same day twice! When I’m not working, I love spending time with my family, writing, reading, travelling, running, hiking and cooking.
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