In this video, Fred Peterson from the Home Team OC and Prudential California Realty answers the question; “Is now a good time to buy a home?”. His answer is; “It depends.” It depends on first determining what type of buyer you are: I- An Owner Occupant, II- An Investor, or III- A Speculator.
From there, Fred talks about market conditions, including property values and interest rates (including the fact that a 1% change in interest rates equates to an 11% change in buying power). By comparing these factors with your own personal goals you will be better able to determine for yourself if now is a good time to buy.
For more information about the real estate market here in the Saddleback Valley, and throughout Orange County, contact Fred.
