Check out the Average Cost to Buy vs. Cost to Rent

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Caleb Brown
Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
3y

I don't see it anytime soon. With no inventory and a surplus of buyers in my area it's not getting any better. We'll see how this year plays out with the rates

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  • Caleb Brown
    Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
    3y

    I don't see it anytime soon. With no inventory and a surplus of buyers in my area it's not getting any better. We'll see how this year plays out with the rates

    1Reply
  • Joe VilleneuvePro Member
    Plymouth, MI · Member since 2013 · 13k+ posts · 19k+ votes
    3y

    It doesn't really matter.  It's not the asking price that matters.  What matters is HOW you buy it.

    0Reply
  • Account Closed
    OP
    Investor · NH · Member since 2023 · 54 posts · 25 votes
    3y
    Quote from @Caleb Brown:

    I don't see it anytime soon. With no inventory and a surplus of buyers in my area it's not getting any better. We'll see how this year plays out with the rates

    My area is the same way, very little inventory. I'd bet on rates going higher but higher rates will continue to keep potential sellers locked into their 3% mortgages and will also bog down new construction which is keeping inventory low.
    1Reply
  • Caleb Brown
    Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
    3y
    Quote from @Account Closed:
    Quote from @Caleb Brown:

    I don't see it anytime soon. With no inventory and a surplus of buyers in my area it's not getting any better. We'll see how this year plays out with the rates

    My area is the same way, very little inventory. I'd bet on rates going higher but higher rates will continue to keep potential sellers locked into their 3% mortgages and will also bog down new construction which is keeping inventory low.

     Yep. Only people that have to move are. Why get rid of cheap debt?  Investors are doing 1031's but interest rates are making deals harder. 

    0Reply
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