How to Tell When the bottom has formed. Mn Top Realtor Ryan Boyer Usa 4% Realty

I think one of the biggest questions in real estate is: When is the real estate bottom going to form? The answer is: nobody knows!!! However there are some signals to keep your eye on that will help you determine when to get into this market.

• Keep an eye on the Fed's movements. The fed cut last week .25 point. Although it does not directly effect mortgage rates. It does effect inflation and bond pricing which does effect mortgage rates.
• Keep an eye on the amount that homes are declining in value per month. Right now homes are dropping around 2.6% per month. When you start to see that number go down, it may be signaling a a bottom.
• The only way we will know the bottom has formed is when home prices start to go back up :)

Always Always Always buy a home in a GREAT location. Homes in locations that are in high demand hold value in declining markets.

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