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One thing that people haven’t really looked closely at regarding the details of the market is that interest rates have dropped again. There has been a rise in pricing and a rise in home values. This rate adjustment is now making homes more affordable for buyers.
There are also opportunities for sellers with this change. If you were frustrated with the market in the past, consider going back and trying to sell again. There are more buyers out there looking, and those buyers will be looking at your property. This increases your ability to sell.
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With lower interest rates, you can make a lateral move to another one so more homes come on the market. With that same scenario and mindset, that buyer has more of an ability to afford a home because of the drop in interest rates.
Low interest rates help buyers and sellers.
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Folks, we are in a great market. We were expecting rates to rise, but some economic conditions have allowed them to stay low and get even lower. There is an opportunity here that you’re unlikely to see in the future, so take advantage of it. There is no other reason to not take advantage of these lower interest rates if you haven’t bought yet.
If you have any questions or are looking to buy or sell, give us a call or send us an email. We would love to hear from you.
