What to do in this wacky real estate market?

Wow. The economic news couldn’t be weirder.

What usually happens is that the real estate market follows whatever the heck is happening in the economy in general. That means, if the economy has taken a hit due to stocks, gas prices, war…whatever….the housing market may follow. But what is happening now is that the real estate market is impacting the economy.

This is bass-ackwards.

But it’s true.

As with many other aspects of modern life, we live in interesting times.

Fine. What does this all mean to you? All you want to do is buy a house. You just want to own the place you’re paying for every month.

What all this means is…..

…Almost nothing. At least, not if you’re intending to buy a house in MOST of the country that isn’t southern California, Florida, Arizona, Michigan and a couple of other places where housing values have dropped in the last few moths.

Greensboro, NC and the surrounding areas have been stable. We’re always stable. We’re pretty boring. And right about now, when real estate drama is making headlines, boring is cool.

There’s plenty of inventory.

Interest rates are awesome (about 6%-6.5%)

Sellers are more freaked than you could possibly be as a buyer.

This is a classical “buyer’s market”. These don’t come along all that often. This is historic.

And it’s in your favor. So go for it.

If you have a job, pay your bills on time and want to own your own home, there have been few better times to try.