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The Tampa real estate market has experienced an increase in home values. Andrew Duncan talked on The Duncan Duo Real Estate Show last weekend about rising home values and rising interest rates. He had Aaron Davis from Hillsborough Title and Robert Johnson from his real estate team on the show. They discussed how important it was for buyers to buy a home now instead of waiting as waiting will cost the home buyer money.
If a buyer is thinking about waiting a year, and prices go up 10% and interest rates go up 1/4 of a point, that same house a buyer could buy today, would cost them tens of thousands of dollars more over the life of ownership.
Andrew reiterates how home values have been rising in Tampa Bay and likely will continue to do so. So, if you are a home buyer and waiting to buy, plan on paying more money. NOW is the time to buy a home! Don't wait for prices and rates to go up and price you out of your dream home.