Markets Come in Cycles
We all have short memories and for all the millennials and younger people, you have only known historically low interest rates!
But if you were to ask your parents what the interest rate was when they bought their first home, I can almost guarantee you it was in the double digits!
Markets come in cycles and with interest rates rising we are moving back to a more normal real estate market. But higher rates doesnt mean that it is a bad time to buy. I encourage those that are shook by what is happening today to focus on their payment and not the interest rate.
If I could go back I would have bought 10 of these houses in the 80’s and kept them all!
Share this with someone you know who is on the fence of jumping in the market!
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