Whether you are a buyer searching for your first home, or a homeowner looking to move up to your next home, you should pay attention to where mortgage interest rates are heading.Over the course of
Hey Millennial Homeowners It May Be Time To Sell
1. Equity Build-Up
“…homeowners who sold in the second quarter realized an average price gain of $51,000 since purchase — the highest average price gain for home sellers since Q2 2007, when it was $57,000.
The average home seller price gain of $51,000 in Q2 2017 represented an average return of 26 percent on the previous purchase price of the home, the highest average home seller return since Q3 2007, when it was 27 percent.”
2. Projected Home Price Increases
3. Projected Interest Rate Increases
Higher PRICES + Higher INTEREST RATES = LARGER MORTGAGE PAYMENTS.
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Hi, welcome to the Kansas City skinny brought to you by Heartland MLS where we dig into the most recent numbers from our market. The number of homes for sale, days on market and months of supply