Imagine you’d been keeping your eye on a desirable neighbourhood over the years. You had hoped that one day you could buy a home there. But then you saw prices creeping up — to a point where they became unaffordable.
“Oh well,” you’d thought. “I guess we won’t be moving there!”
That scenario is familiar to many homeowners. In fact, you too may have been keeping your eye on a neighbourhood you’d love to get into but have decided it’s become too expensive.
If that’s so, it might be worth taking a second look.
The real estate market changes. One year an area might be a red-hot seller’s market with prices soaring. The next year, things may have cooled, and prices stabilized....
