The current real estate environment poses a great opportunity for sellers and buyers. Timing couldn’t be better for both.
- Demand for housing is high
- Supply/Inventory is low, below what experts consider balanced
- Interest rates are historically low
In this market sellers earn top value for their home and buyers experience greater buying power and increased affordability.
![Interest Rates Over Time [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2020/02/20093247/20200221-MEM-1046x837.jpg)
Some Highlights:
- The Mid Atlantic Region to include DC, VA, MD, parts of WV, PA and DE housing Months of Supply is 2, well below the 4 to 6 months which is generally considered a balanced market.
- The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year or $7,200 over the life of your loan. Maybe it’s time to lock in now while rates are still low.
- How can you take advantage of this market? Don’t wait and see, connect with a RE professional and make a plan.