Your Homegrown Realtor

What Are We Waiting For?

(Posted June 2024)

Isn't is funny how we associate waiting with a conservative approach? To do something ahead of knowing all the answers would be risky right? Or is it? We don't realise in the moment but waiting can be just as risky. Sometimes conditions become less favourable and inaction becomes regrettable. Naturally we will never have 100% certainty during a potentially life changing decision, but one piece of advice that has been handed down to me is "Indecision is a bigger factor of regret than making a wrong decision."


Why Am I Saying This?
Usually the norm in the real estate market was to see a yearly high in sales in May, but with everyone expecting interest rates to decrease tomorrow or next month, people have been cautious. I find the frustratingly funny because even if the rates do come down 0.25% its not going to change the financial equation much. Especially since variable rates are higher than fixed rates right now. Clearly, people want to wait and see what happens before they make their next move, but if rates come down, expect a mini frenzy people making moves. 

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