As inventories drop…
As current inventory levels begin to drop, so will the deals. That’s the argument made by M. Anthony Carr in “Good Deals Will Begin Disappearing With Lower Inventory”.
He makes the point that buyers who enter the game now have a lot more negotiation and buying power than those who sit on the side lines waiting to see what the market will do. So, if a buyer wants to wait for interest rates to fall in seven months - they may find themselves saying aufwiedersehn to killer deals that include the payment of up to $25,000 in closing costs, 2.5 percent special financing, and/or unbeliveable free upgrades and amenities.
If you enjoy getting the most bang for your buck when making a large purchase such as a home, you may want to carefully consider the pros and cons of buying now versus waiting to see if the feds will lower rates in the next seven months.