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Updated almost 3 years ago on . Most recent reply
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What’s your outlook on the market?
I’m looking into buying my first investment property here in Medford Oregon. It’s a bit stressful at the moment with low inventory and high interest rates.
I keep hearing one day that the markets going to crash, rates are only going up and I should wait.
what are your thoughts?
Do you think the bubble is going to pop within the year?
Do you think that now is the time to buy with rates so high?
It’s a lot to take in and with me being so new to the game I’m not really sure what to think.
Most Popular Reply
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- Investor
- Youngstown, OH
- 2,407
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No and yes.
First, there is likely no bubble to pop. This market is being driven by low supply, not bad loans. We're not creating fake value.
Second, rates aren't high. They're still below the historical average of 7-8%. Anything over 2% has now been deemed high. Shut out that noise and go find a deal that works with a higher rate.