Will High Interest Rates Hurt My Homes Value - EP175 - Homeownership
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Manage episode 331815605 series 2561450
In this episode we discuss why America is wired for monthly payments and pays little attention to sales price. When rates rise so does the monthly payment which pulls down a buyer's spending power. Even with a lack of housing inventory there is always a limit to affordability. This will not be a sharp decline here in Massachusetts; it is just the start of a leveling. If you are looking to sell a home that is a little harder to sell for the most money, now may be the time to go. Waiting can lead to a much lower sale price as buyers begin to have choices.
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