Saturday, February 1, 2014

Don't Wait - Now Is the Time to Move Up

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%.
When home prices are increasing some homeowners think it is smarter to hold onto their current house until it is worth more. However, rates are increasing right along with home prices and as rates increase, the price of the house you can buy will decrease. Here is a chart detailing this point:

With rates still at historic lows and housing prices stabilized, it is a great time to be a move up buyer.

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