The recent surge in interest rate hikes has captured the attention of media outlets and prospective homebuyers alike. For those contemplating a move, this is a significant curveball. If you’re wrestling with the decision to postpone your plans or proceed, it’s essential to grasp the real implications.
When standing at the crossroads of homeownership, the choice to sell or retain your property can be a weighty one. The intricacies of the decision may be compounded by concerns about taking on a higher mortgage rate for your next residence.
If this quandary resonates with you, unlocking the nuances of equity could serve as your compass, guiding you towards a more informed and confident course of action. In the following discussion, we’ll delve into the concept of equity and its current relevance, shedding light on its potential to transform your housing journey.
Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market. But what does that mean? And why are conditions today so good if you want to list your house?