Every year in January buyers will tell us they are not in a hurry and will wait for their lease to expire later in the year.


This strategy will be a mistake this year for 2 reasons.

#1 – Rising Interest Rates

Interest rates are up almost .5% since January 1. Last week I attended a presentation from an economist who predicts interest rates may be over 5% later in the year.

#2 – More Homes Will Be For Sale Earlier This Year

Smart sellers are watching what’s happening with interest rates and are pushing up the date to list their homes. A real estate rule of thumb especially for larger homes has been to list after spring break. This year we are seeing more larger homes listed in January and February.

What that means is if you are planning to wait until later in the year there many not be as many homes to choose from at that time.

If you are planning to buy a home this year let’s talk about the best timeframe for you. Call/text 512-791-7473 or shoot me an email at eric@koparealestate.com.

Have a Question?

Contact Us Now!

Provide a valid email address.
Newsletter consent

Posted by Eric Peterson on
Email Send a link to post via Email

Leave A Comment

e.g. yourwebsitename.com
Please note that your email address is kept private upon posting.