Market Conditions
Ideally, everyone wants to buy low and sell high, unless you are an investor, this is challenging for home buyers to do so. However, it is necessary to understand the economy demand and supply fundamental. Any changes within local and national markets can affect the property prices and the cost of living. When the economy is doing well and interest rates are low, demand for property is generally high and this will push up the prices. On the other hand, when there is a downturn, demand for property will drop and thus prices will be affected. By understanding the demand and supply of houses in the market and economy, you would be able to make a sound decision on whether to buy or sell.
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” – Warren Buffett
Leave A Comment