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Real Estate Information |
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Conditions Are Right For Buying The Higher Priced Home You'Ve Always Wanted
Higher interest rates and home prices in the past have kept home owners from purchasing larger homes. The current real estate market conditions, however, are encouraging for many home owners who want to "buy up" to higher priced homes with more to offer. If you are considering trading up for a larger and more expensive home, conditions for doing so couldn't get much better. Interest rates are the lowest they've been in two decades, and home prices in many regions are the most affordable they've been in years. You should consider a few factors before reaching a decision to trade up:
Obviously, you'll need to sell your current home before getting serious about trading up to a new one. A healthy real estate market indicates that you'll have little trouble selling your existing home. The national Association of Realtors reported in August that sales of existing single-family homes are rising steadily, especially among first-time buyers. Affordable home prices and low interest rates could make the starter home you purchase several years ago particularly attractive. If you can afford the up-front cost, you may want to consider switching the fixed-rate mortgage on your old house for an adjustable rate on a new one. This could allow you to trade up without increasing your monthly payments. The type of mortgage you choose also depends on how long you plan to stay in your new home. A good mortgage lender can advise you on whether a fixed-rate is an advantage is you're planning on staying for more than 10 years. A fixed-rate may be better for long term owners who don't want to worry about rising mortgage payments. Trading up may not be worth the move if you're planning on living in the new home for only a couple of years. You might have to stay three to five years for your house to appreciate enough to recoup the closing costs. Conditions for a move-up haven't been this good in many years, and you may not want to wait much longer to consider it. An experienced real estate broker can help you decide if buying a new house now is a good investment for you. About The Author W. Troy Swezey is the author of "CONDITIONS ARE RIGHT FOR BUYING THE HIGHER PRICED HOME YOU'VE ALWAYS WANTED." As a Realtor at Century 21 Paul & Associates, he has helped many individuals with their real estate needs. Visit his web site to download his free e-book, "REAL ESTATE SECRETS EXPOSED." http://www.TroyIsMyRealtor.com or mail to: TroyC21@usa.net
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Here's why Bergen Record Property transfers: Marion County sales range from $20K to $390K The Marion Star $1.225 million Symmes Township home sale among the week's top property transfers Cincinnati Enquirer Real estate sales in Peoria, Tazewell and Woodford counties for July 12, 2025 Peoria Journal Star A Look At Plymouth Co Real Estate Numbers WATD 95.9 FM Homes in Lubbock County sold for higher prices recently: See how much here Lubbock Avalanche-Journal Real Estate Transactions sungazette.com Homes in Cumberland County sold for higher prices recently: See how much here The Fayetteville Observer NYC Real-Estate Execs Throw Money Behind Adams to Counter Rise of Mamdani The Wall Street Journal Berkshire region real estate sales – July 11, 2025 The Berkshire Edge Business Spotlight: Trujillo Commercial Real Estate Group The Paso Robles Press Agent-built AI chatbot serves up real advice with a sense of humor Real Estate News by RealEstateNews.com Berkshire County Real Estate Transactions for June 23-27 The Berkshire Eagle LOCAL REAL ESTATE TODAY 7.11.25 KQEN News Radio Florida real estate: See the most expensive home sales across the Treasure Coast in June Treasure Coast News TIM SCOTT REAL ESTATE - 83275 Caledonian Record Don Fenley: Tri-Cities housing market sees uptick in June Kingsport Times News Property transfers: June sales range from $11K to $5.8M in Crawford County - Bucyrus Telegraph-Forum Property transfers: June sales range from $11K to $5.8M in Crawford County Bucyrus Telegraph-Forum A tale of two Floridas: Real estate industry torn over DeSantis' push to eliminate property taxes Fox Business Real estate investors are purchasing more U.S. homes as high prices lock out would-be buyers CBS News Weekly building permits, real estate Boca Beacon Homes for Sale in Manhattan and Brooklyn The New York Times Tampa real estate investment firm under investigation for potential deceptive practices Florida Politics RLTY: Reasonable Real Estate Income For Now (NYSE:RLTY) Seeking Alpha Dawson County weekly real estate transactions, July 11 Central Nebraska Today EG Real Estate: 8 New Listings & 5 Sold East Greenwich News How a legal battle of real estate titans affects home buyers Straight Arrow News Jackson State To Offer Real Estate Course Radio NWTN SDCERS to lift infrastructure allocation as it trims real estate IPE Real Assets Department of Taxation and Finance dos.ny.gov 2025-2030 Five-Year Housing Market Predictions U.S. News Real Estate NEO's industrial real estate market loosens slightly but remains tight Crain's Cleveland Business Queens real estate trends: What buyers are looking for, according to Compass agent Thomas Caramanno Queens Post Mortgage Rates Today: The States Offering Lowest Rates – July 11, 2025 Norada Real Estate Investments Michael Guthrie discusses real estate uncertainty amid Charlottesville zoning freeze Cville Right Now The Seyon Group Acquires Industrial Portfolio in North Andover for $12.5 Million Boston Real Estate Times Real estate news: 18-unit apartment complex in Surf City fetches $7.4 million Orange County Register Patrick Cadle joins Grist Real Estate Mountain Messenger Hawaii residential real estate experts on negotiating and marketing homes in 2025 The Business Journals New Hampshire housing market sees 65 straight months of growth The Laconia Daily Sun Navigating Trump's Tax Megabill: Winners and Strategies in Real Estate, Manufacturing, and Energy AInvest TRS Texas commits $675m to real estate Private Equity Real Estate | PERE Developer, neighbors worked together to decide how a key corner of Austin will look The Business Journals Real estate feels weird right now — but not broken Rome Sentinel Fond du Lac County property sold for $700K in real estate transfers for June 30-July 3 fdlreporter.com Real estate boss targeted in San Francisco with smear campaign The San Francisco Standard Confusing housing stats & real estate nerds Sacramento Appraisal Blog Local casino architect lists home in The Ridges Las Vegas Review-Journal |
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