” INTEREST RATES AND THE HOUSING MARKET “
It is no surprise that interest rates have a direct impact on the housing market’s success. It can sometimes take months for those effects to become fully realized. It’s a good idea to understand how the rates affect real estate. Homeowners are less motivated to sell in an economy with higher interest rates because it is more challenging and more expensive for buyers to obtain financing. Thus, fewer properties are available, which can help push home prices higher, even in a slower real estate market. When mortgage rates decline, there is an increase in both buyers and sellers who want to get back into the market. It’s easier for buyers to qualify for financing, and mortgage payments become more manageable.
Timing is an important aspect of just about everything we do. Time to buy, or time to sell? Considering making an investment you made years ago when purchasing your first home? When it’s time to make real estate decision, it’s time to call us, because a dedicated real estate agent can mean the difference between a house lingering on the market and the one that sells quickly at a good price. “OUR SUCCESS HAS BEEN BUILT ONE SATISFIED CUSTOMER AT A TIME.”
