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3 COMMON QUESTIONS ASKED IN REAL ESTATE

August 18, 2015

What are the 3 most common questions most REALTORs are Asked? 

1) How is the market doing?

2) What are the interest rates?

3) Is now a good time to buy vs rent?

1) With only about 3.9 months of supply on the market in Lee County according to the June ACRE report (Alabama Center for Real Estate) we would say the market is strong and encourage those who have thought about selling to seriously consider it.

2) According to Freddie Mac interest rates are still at an all-time low, however that may change over the course of the next year, which can significantly effect your monthly payment. "If both the predictions of home price and interest rate increases become reality, families would wind up paying considerably more for their next home." Read More 

3) The Census Bureau recently reported median rent amounts have continued to increase since 1988. See below graph. Here in Lee County we are seeing this to be true. Renters are continuing to pay a higher premium each month for a home and in some cases could purchase a home and pay the same or sometimes even less than they are currently paying. If you are ready, willing and able we encourage you to consider purchasing your own home today! Read More