Q: Should You Expect a Decrease in Home Prices?

Here are my thoughts on a few common real estate topics these days.

Today we’re talking about a few different topics related to real estate. First, let’s look at home prices. 

     A drop in tourism will only further hurt our local economy.

I believe that prices are going to decrease soon because of the volatility we’ve seen in the job market. Hotel reservations, and tourism in general, are down, and we’re not sure how long people are going to wait to book their flights and vacations here. A drop in tourism will certainly affect our already decimated job market and further diminish our buyer pool. 

If you are still motivated to buy in this market, I have some advice to share as well. There are a lot of great, low-interest-rate mortgages out there. If you can hold off for a few more months, I’d recommend it, but if you plan on selling and moving up into something bigger and better, time is of the essence.

If you have any questions for me in the meantime, don’t hesitate to reach out via phone or email. I look forward to hearing from you.

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