As always, tyler answers the question very well. In the current market conditionsyou can never guarantee your new home will not depreciate. When you can do is make sure your real estate professional runs a market analysis for you and you make an informed buying decision. If you buy the house you love and it is the best for your family, then a short term downturn in the mrket should not worry you. Call Tyler or myself if you would like more personal assistance.
Great question. This is one of the reasons I love owning a home in Iowa. We just haven't seen the fluctuations in our market like others have.
Truth is, it is an extremely good time for just about anyone to buy the right house. Mortgage rates are extremely low. This means you can buy more home for the money right now.
I'd be happy to help you with answering specific questions and connecting you with some great professionals around town if you'd like.
Just remember, all real estate is local. Iowa's weather has never been the same as California's. Real estate is the same way!
Certified Mortgage Planner
Four Legacies Mortgage