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Neighbor News

Now Can Be the Best Time to Move Up into the House You Always Wanted

See what happens to a buyer's purchasing power as interest rates go up.

Alisa Klinger and Alicia Ramaizel, Licensed Real Estate Broker Associates with Douglas Elliman Real Estate, Your Neighborhood Realtors's profile picture
Alisa Klinger and Alicia Ramaizel, Licensed Real Estate Broker Associates with Douglas Elliman Real Estate, Your Neighborhood Realtors, Neighbor
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Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. In most areas, prices are still below those of a few years ago. Also, interest rates are still near 4%.

However, sellers should realize that waiting to make the move while mortgage rates are projected to increase probably doesn’t make sense. As rates increase, the price of the house you can buy will decrease. See chart below detailing this point. For a free Market Analysis of your property contact Alicia or Alisa at (631) 987-4109 or (631) 332- 9472.

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