If you’re thinking about selling your home (in Charlottesville) you might want to do so now-ish.
Because next year … interest rates are likely to be higher. Higher interest rates impact affordability. Simple, right?
Click through for some interesting commentary from Zillow’s CEO (note: the video and insight are useful for a macro perspective, but locally in Charlottesville, Zillow’s not accurate).
See also:
Freddie Mac: “Mortgage Rates on Six Week Streak Higher
Rising Rates Scare Borrowers Into Action
As Prices Rise, Banks Repossess More Homes
Redfin Bidding War Report Shows Home-Buying Competition Eased in May (no longer available)
How Another Housing Bubble Was Blown … And Why
Interested in Learning More?
I have been been representing buyers and sellers in Charlottesville, Albemarle, and Central Virginia since 2001. Get local insight born of experience.
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