Why Now (2023) is the Best Time to Buy

There’s no question that the last few years have been a crazy real estate market. In 2020 and 2021 we saw record-breaking real estate price increases and home sales. Currently, in 2023, we are starting to see a slowdown to a more “balanced” real estate market. This market slowdown has caused tons of fear and anxiety due to the rising interest rates.In today’s video, I will arm you with facts about the current real estate market in the Bay Area. I’m going to explain to you why I believe now is one of the best times to buy. We are going to go over historical mortgage interest rates as well as how much the monthly mortgage payment has changed if you are buying a starter home in 2023 vs 2022.