It’s no secret that 2023 has been a bit tumultuous when it comes to real estate. With rising interest rates and an uncertain economy, you may be wondering if now is a good time to buy a townhome in Dallastown, PA.
Interest rates are only one factor to consider when deciding if now is a good time to buy a townhome. Let’s discuss other factors that can help you make an informed decision.
Am I Ready to Buy a Townhome in Dallastown, PA?
Before looking at homes, you need to know if you are financially ready for the commitment. For most people that means, having 20% of the purchase price for a down payment, having good credit and steady income, and knowing that you would like to stay settled in the same area for the foreseeable future. It’s also important to know what your budget is and only look at homes that are within that.
What Will Happen to the Housing Market in 2024?
Of course, no one can predict the future. Expert opinions vary with some suggesting there may be some relief in 2024 due to increased inventory, while others expect the market to remain stable. If you find a house you love that is within your budget, you may regret waiting in hopes that interest rates or home prices will drop. Regardless of what the market does, buying a townhome in Dallastown, PA now means you can start building equity immediately.
It’s a Good Time to Buy a New Townhome in Dallastown, PA
If you’ve decided that now is a good time for you to consider buying, Hudson Ridge in Red Lion, just outside Dallastown, is now selling new construction townhomes. Hudson Ridge offers 3 and 4 bedroom townhomes starting at $200,000. If you’re ready to make a long term investment, call our sales office today at 717-698-2614 to schedule an appointment!