Now
that the housing market has stabilized, more and more homeowners are
considering moving up to the home they have always dreamed of. Prices are still
below those of a few years ago and interest rates are still below 5%.
However, sellers should realize that
waiting to make the move while mortgage rates are increasing probably doesn’t
make sense. As rates increase, the price of the house you can buy will
decrease.
Here
is a chart detailing this point:
As you see, just a small 1% increase in interest rates results in a 10% DECREASE in the value of the home you can buy. That makes a big difference!
Get in touch -- I've got all the information on what's happening in our market today!
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| BE SAVVY...CALL THE SMART REALTOR! |
2013 Diamond Award – High Sales Volume
e-PRO, Strategic Pricing Specialist
Fathom
Realty NC, LLC
Phone: 919.306.9699
Email
Phone: 919.306.9699
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