Branch Manager Nikki Deardorf at Remax Precisions implores that right now is the time to strike on buying a home.

The process of buying a home is an exciting, yet challenging experience. Deardorff says the market has been crazy the last few years with very healthy interest rates. She lays out positive signs to look forward to by the end of the year.

“By the end of 2024, we’re expected to be down into the fives. You have to think, if we’re in the sixes now, and we’re healthy, you have the ability to buy, to come in with a sale offer, so if you still need to sell your home, you still stand a chance of your offer being accepted on a house you want to purchase.”

Deardorff emphasizes that once the market is down in the five percent interest rates, there tends to be over asking price, appraisal gaps, and multiple offers making it more difficult to have accepted offers.