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Rainmaker
2,043,750
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Yes !!! These amazing Interest Rates will disappear in 2022 . Get them locked into a 30 yr Fixed Rate ASAP!!!!!

Dec 30, 2021 10:02 AM
Rainer
139,281
Karen Climer
Demetree School of Real Estate - Orlando, FL
Teaching people to pass the real estate exam

Don't wait to buy real estate.  Buy real estate and wait. 

- Will Rogers

 

I have this quote on  the back of my business cards.  Prices aren't going down.

Dec 30, 2021 08:40 AM
Ambassador
2,593,222
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Yes. 

The root cause of  "inflated home prices" is different from the past.  Prices are not going back down, not ever.

Dec 30, 2021 08:20 AM
Ambassador
3,117,712
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I provide market data and information about the real estate market in general. If a buyer is well qualified to make a purchase, first time or otherwise, the decision is theirs to make. 

Dec 30, 2021 07:33 AM
Rainmaker
4,323,104
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Why not? What are they waiting for? Prices aren't going down. Interest rates will probably go up. Inflated prices... that depends on your perspective. 

Dec 30, 2021 07:17 AM
Rainmaker
782,738
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

I've read, they are going to be one of the main buyers in 2022. I think it all depends. Do they have a stable job? As long as they can stay in the home for a while or rent it out if they have to move, they should be ok. Interest rates are so low they should make up the difference of deferred buying. Plus, they're essentially saving some of their monthly paying vs. paying someone else's mortgage. A lot depends on how stable their job or industry is.

Dec 30, 2021 07:15 AM
Rainmaker
6,843,898
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Yes. Smart consumers are anxious to take advantage of the attractive mortgage interest rates that will rise during the coming year.

Dec 30, 2021 10:30 AM
Rainmaker
1,411,944
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Yes, prices keep going up.  I remember 10-15 years ago when your area was selling in the 400 and 500 range.  Buy now and have a home.  Wait a while and have less of a home.  If they plan on being there for decades, then what happens next year is irrelevant to them.

Dec 30, 2021 09:57 AM
Ambassador
3,342,690
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Since prices are not the major thing affecting monthly payment, YES.  It's about the mortgage rates.  Homes are more affordable due to incredibly low interest rates.  The equity gets paid down quicker and they can use it as a rental property in the future if they have to move and still be in a position to earn money.  


Dec 30, 2021 09:13 AM
Rainmaker
2,667,593
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Because we are in a willing-seller...willing buyer market with no acts of man or God to interfere, I would jump-in with gusto! The feeling of owning and the motivation it supplies makes it priceless as well as practical. I leave you with: BYE-NOW or BUY NOW!

Dec 30, 2021 08:26 AM
Rainmaker
860,425
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Yes. Not all homes are overpriced or having bidding wars. A neighbor just bought a 2 level rambler on 1/4 acre for under $300,000.00 as his first home.

Dec 30, 2021 09:59 AM
Ambassador
3,348,579
Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Depends on their situation and financial ability.

Dec 30, 2021 09:01 AM
Rainmaker
922,498
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

This question can only be answered on a case-by-case basis.

Dec 30, 2021 08:58 AM
Rainmaker
932,723
Peter Mohylsky. BRIX REALTY
Miramar Beach, Florida - Santa Rosa Beach, FL
BRIX REALTY -DESTIN

Definitely yes, but it all depends.  I am not a big advocate of home ownership for all people.  Owning a home is a big commitment that is not for everyone. 

Dec 30, 2021 07:17 AM
Rainmaker
973,211
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

If my advice to a first time buyer -  or any other buyer -  was that they should not buy now but wait until interest rates increased and prices increased...

Well...that would  not be very good advice.

Dec 30, 2021 01:02 PM
Rainer
340,832
Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

If they have a stable income and a cushion then the water is fine.

Dec 30, 2021 03:15 PM
Rainmaker
1,020,523
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

If I had a crystal ball that worked. All I know is business has cycles and we are probably due for a downward trend BUT what do I know?

Dec 30, 2021 03:00 PM
Rainmaker
21,825
Diane Christner
Bright Realty - Sarasota, FL

Anyone buying in today's market, first time home buyer or otherwise, needs to be fully educated on the lack of housing inventory and what it will take to purchase a home.  My area is definitely a sellers market at this time, many more people searching for homes than homes for sale.  Many potential sellers are reluctant to put their homes on the market for fear of not finding an adequate replacement property.  Add into this mix are out of state buyers wanting to move to the SW coast of Florida. 

 

Our current market is not for the faint of heart, buyers have to be willing to submit bids knowing they are going up against multiple other offers.  They have to be willing to drop everything to go see a new listing as soon as it comes on the market.  They also have to consider waiving certain contingencies in order to make their bids more attractive over others.  It's not an easy process but persistence can lead to success.

 

Jan 02, 2022 08:45 AM
Rainmaker
612,606
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

Absolutely!

What is the other choice?  Wait till price go higher?  Wait till they can only afford a tent?

The only regrets I hear are from buyers that  should have bought sooner...

 

Eve

Dec 31, 2021 01:02 PM
Rainmaker
907,127
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

You bet!
However, preparation will be needed.
I don't see any evidence of fake money (fog the mirror) stuff going on today suggesting a collapse in the future.  (at this time)

Dec 31, 2021 05:13 AM
Rainmaker
4,403,622
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Real Estate is a local play, so there may be pockets where the answer is "no". But by far if you are ready, make your move!

Dec 31, 2021 04:10 AM
Rainmaker
2,109,736
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Start owning, stop renting. First home was 12.25% fixed in a time of 16.5% adjustable interest rates. Moved up 2 years later, made money, got the home ownership tax deductions. Get in the game, become part of your community but get bank approved first before tramping in and out of houses and falling in love with one you can not finance.

Dec 31, 2021 03:14 AM
Ambassador
1,396,895
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Thankfully, I do not work with Buyers let alone first time buyers.  I don't have a crystal ball but I do think everything runs in a cycle. 

Dec 31, 2021 02:16 AM
Ambassador
5,600,083
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I spend my energy telling sellers that this is a good time to sell, I let others waste their time with the first time buyers.

Dec 31, 2021 01:21 AM
Rainmaker
1,316,181
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Yes, I would. Since I did buy a home this year, yes! If you are ready and pre-approved to buy, waiting will just cost you more.

Dec 30, 2021 09:51 PM