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NEWS
Why Timing the Market Rarely Works
Mortgage interest rates are slowly drifting lower, giving a much-needed boost to both homebuyers and home sellers. Yet, home prices continue to rise, even as more sellers put their homes on the market. Why? The U.S. is still several million homes short of a balanced market. So, do you want to wait for cheaper rates or go ahead a buy a home before home prices rise further?
To time the housing market perfectly, you need to:
Find the right home.
Buy at the right price.
Obtain the right mortgage interest rate.
You may get lucky and get one out of three or even two out of three, but it’s nearly impossible to get all three at the same time unless the market is in a recession or depression. Only then will there be plenty of homes to choose from, low prices, and low mortgage interest rates.
Start with finding the right home—one that best meets your household’s needs for space and features, your finances, and a reasonable interest rate.
Looking for guidance on navigating the current market? Your Forever Agent® at Berkshire Hathaway HomeServices Colorado Real Estate is here to help you find the perfect home while balancing price and interest rates. Contact us today for personalized advice and to explore your options. Call us at 303-905-8850 or visit BHHScoloradorealestate.com. Let’s make your next move the right one!
Publisher's Letter
Dawa Sherpa, Publisher
The holiday season is upon us. A time to express appreciation for the people, experiences, and opportunities that enrich our lives. As we take a moment to give thanks and celebrate with our families and our communities – let’s not forget the uniquely valuable small, local businesses that are at the heart of our communities.
In today’s fast-paced world, shopping has never been more convenient with online giants and big-box stores offering rapid delivery and low prices. But, unlike mass retailers, small businesses and local shop owners offer personal relationships, leading to better service and customized recommendations. Whether it’s a handmade candle or boutique clothing, these businesses offer a personal touch that can’t be replicated.
The holiday season is a crucial time for small businesses. Events like “Small Business Saturday” remind us to support the shops that keep our communities vibrant. But it’s important to continue that support throughout the year to ensure these businesses thrive.
This holiday season, when shopping for a gift, a service, or just a little treat for yourself, consider visiting our local businesses first. Every purchase makes a meaningful difference, helping build a stronger, more connected community for everyone.
Happy Thanksgiving,
Dawa
