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Selling A Home? Make Sure You’re Protected With This Quick Tip
Manage episode 210557425 series 2361960
In spite of a small climb in housing inventory, pending home sales rose 3.1%. Inventory levels, however, are still low. So, we won’t be seeing a big change in prices until there are more homes to sell. If you’re thinking of selling, it’s still a good time.
Mortgage rates are also on the rise—increasing from 3.5% in 2015 to 4.25% today. It’s all relative though, as Steve reminds us that 4% interest rates are still low enough to make the cost attractive.
101 episodes
Manage episode 210557425 series 2361960
In spite of a small climb in housing inventory, pending home sales rose 3.1%. Inventory levels, however, are still low. So, we won’t be seeing a big change in prices until there are more homes to sell. If you’re thinking of selling, it’s still a good time.
Mortgage rates are also on the rise—increasing from 3.5% in 2015 to 4.25% today. It’s all relative though, as Steve reminds us that 4% interest rates are still low enough to make the cost attractive.
101 episodes
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