If you are even remotely thinking of selling, there is no better time than the present. Interest rates are still relatively low and there is a shortage of listings on the market in Southern York County. The buyer’s are out, despite the weather, and the supply of available homes on the market is historically low. All the economic indicators are pointing towards another possible interest rate hike. When rates go up, buying power decreases, see below:
When a Consumer’s buying power decreases due to higher mortgage rates, some are less likely to buy a house and as a result home values can decrease due to the drop in demand. So, for the moment the housing inventory in Southern York County is slim and interest rates are still historically low, but with the possibility of continued rate increases in the not so distant future things could change dramatically. I am always willing to answer any questions you may have regarding buying or selling and will be more than happy to provide you with a complimentary Market Analysis on your home.
And remember, nobody sells more real estate than RE/MAX! Debbie Morse, 207-451-3016
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