When is a Good Time to Buy?

Attempting to time your purchase to the business cycle is difficult as no one can accurately predict the future. Interest rates are generally higher during a depressed market and income may not be keeping up. In a slower market, fewer people can qualify for a home purchase than in a more active market.

Most people who have a home and wish to "move-up" during a "slow market" usually need to sell a home in the "slow market" before buying their new home. When a Seller wants to sell his home to take advantage of a "hot" market (meaning prices are fairly high), they will generally be buying their next home during this same "hot" market. It tends to equal out. If you purchase during the slow period, you can be reasonabley certain that the economy will show strength again after a period of time!

Business cycles change over time. Country Real Estate has been helping families find their real estate needs since 1959. There have been many "cycles" over the years. Overall, we have experienced fairly long expansions with only a slight recession in between. Do you want to wait nine years to buy a home? Do you want to miss out on a substantial amount of appreciation by waiting? Do you want to miss out on the enjoyment your family and children would experience in a new home today?