The global economy affects local real estate markets. One advantage to working with a Sotheby's global real estate advisor is that we are connect to one another, not only to service our clients, but to stay abreast of global information that impacts our local market. As I always say, your home is your nest and your nest egg. If you are making decisions about where you live, it makes sense to look at the big financial picture, both yours and the world's.
We have not seen as many interest rate decreases as predicted. Does that mean it is not a good time to buy a home? Not necessarily. When more buyers enter the market, home prices increase because competition increases. When interest rates decrease, you can refinance to a lower interest rate but still be locked into to your purchase price. Many decisions about moving are based on a life change: a new job, retirement, kids leaving the home or babies adding to it. Whatever your reason for moving, you should have facts and a team of advisors who can educate an guide to make the best decision for you.
