Do the rising interest rates have an effect on the market value of your property? The short answer is yes. Over the last decade, home buyers have experienced incredibly low interest rates, aimed at stimulating economic stabilization and encouraging the absorption of the massive amount of real estate inventory that resulted from the Great Recession. […]
Federal Reserve
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It’s Still Better Better to Buy than Rent
Owning a home doesn’t have to be a pipe dream
Daily, headlines abound about housing affordability in terms of escalating rents, housing prices outpacing wage growth, affordable housing shortages, rising interest rates and so on. Owning a home may seem like a pipe dream to many, but there are still many good reasons to try to buy a home. Although the cost of housing continues […]
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How the Fed Interest Rate Hike Will Affect the Housing Market
As anticipated, the Federal Reserve voted Dec. 14 to raise the federal funds rate by a quarter point. I thought it would be “fun” to show the effects of interest rate hikes on a $300,000 mortgage with a 30-year term: As you can see, a quarter point difference is not that significant, but a half […]