It has been a buyers market for Highlands NC real estate for quite some time now, but how much longer affordability levels will remain low is a question that no one can answer except the future. High inventories, low mortgage rates, short sales and foreclosures have added up to huge savings for anyone buying Highlands real estate in the recent past, but as the economy picks up speed so will mortgage rates and affordability levels will change.
There has been much talk about the impeccable timing of real estate and how buying a home low and selling high is the best way to maximize profits, basic economics explained. While we are paused here at the bottom of a market it is a great time to examine whether now might truly be the best time to buy a luxury home in Highlands NC, a getaway cabin in the woods, or step up to a larger primary residence.
For those who have a steady source of income, money for a down payment, and excellent credit it is an opportune time to look at Highlands real estate. It is always better to buy in buyers market than in a sellers market. Please contact us today to learn more about Highlands real estate and determine if now is your time to buy.
For more information about Highlands and Cashiers North Carolina, and for access to the Highlands/Cashiers NC MLS, contact Meadows Mountain Realty today, 828-526-1717 or email us today at info@bhhsmmr.com.
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