Since the conclusion of the Presidential Election, interest rates have surged from 3.5% to almost 4.5% in just a few weeks.
Furthermore, on December 14, 2016, The Federal Reserve raised the rates for the second time in a decade. The Fed also indicated it expects more rate increases in 2017.
What do rising interest rates mean for you as a seller? It motivates Serious buyers!
Prices in most areas are at an all-time high and good inventory is very slim. This combination makes it a great time to sell.
If you’d like more information about the real estate market, I would be delighted to speak with you.