False sense of urgency in Bronx?
I started looking for houses (seriously) in the Bronx about 2 months ago, but always keep an eye on the market. I am looking for a 3 family, and inventory is insanely low. My realtor and mortgage guy are suggesting I make a move ASAP, as interest rates are rising and prices are going up and I may soon be priced out altogether. I have seen a few houses that "work" numberswise, but I am not crazy about the neighborhoods.
In years past, I have noticed that more houses pop up in the areas that I like in the spring. However, there are usually more houses available in general. Would it be safe to assume that I can wait a few more months to see what spring brings, or are rates and prices really moving that fast? What do you guys think about the Bronx/NYC multifamily market right now?