NOW IS THE TIME TO BUY & SELL (YES I KNOW IT SOUNDS CLICHE)

For the first time in nearly a decade the Federal Reserve is hinting that it will begin raising interest rates in June

What this means for buyers is money will become more expensive, decreasing their purchasing power. As an example on a home purchase of $400,000 with 10% down and a loan amount of $360,000, at today's rates of around 4% the principal and interest is $1718.70. If the Fed raises rates just 1%, that same payment jumps to $1932.56. And if rates climb to 6% that same payment jumps to $2158.38. For buyers on the DTI (debt to income ratio) bubble, they will simply have to buy a cheaper house in a cheaper neighborhood.

What this means for seller's is there will be fewer and fewer qualified buyers which may begin to flatten or even depress values.

So if you are a seller, NOW IS THE TIME TO SELL when money is cheap, buyer's are plentiful, and prices are still strong. And if you are a buyer, now is the time to get the most house for your money.