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Peter Mohylsky's Blog

By Peter Mohylsky | Agent in Sandestin, FL

Get off the side lines, the time is right.

Interest rates are creeping up and the estimates are that they will continue to rise at a modest rate for the next two years.  That is good news.  At the same time, home values are increasing at a quicker pace than can be maintained for a long period of time. This needs to be watched closely.  Part of this run up is a pent up demand by buyers who were waiting for the bottom of the market.  part of this run up in prices is caused by a low inventory level.  
We just had a very large adjustment in the real estate market whch resulted in a dramatic drop in home valuse.  Prior to this adjustment, home values increased unrealistically.  All this means that if you are interested in buying or selling a home. The time is right now before we go thru another adjustment in rates and prices.

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