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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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Ashland News Report: Housing Affordability and Rising Costs Are Biggest Challenges for Real Estate Firms RISMedia Real Estate Transactions | Nov. 3-7, 2025 Republic-Times 147 homes sold, other October real estate data from Grapevine, Colleyville, Southlake Community Impact | News EXCLUSIVE: Democrat's luxury real-estate portfolio contradicts her messaging on affordability Washington Reporter The MLS opportunity: Open access, raise the bar RealEstateNews.com Mid-America Real Estate Corporation brokers sale of 28,135-square-foot retail center in Richfield REJournals Seattle startup Desk raises cash to automate real estate contract work with 'better-than-human' AI GeekWire Charlotte May Young, real estate broker Cape Gazette Egypt Sherrod Celebrates Career Achievement After ‘Married to Real Estate’ Cancellation TV Insider Nemetschek dTwin Report Highlights the Digital Disconnect in Real Estate Technology Adoption Nemetschek Video Snapshot: Burlington Mall’s New Dining & Entertainment Arrivals Boston Real Estate Times Chris Reilly Named Member Associate of the Society of Industrial and Office Realtors Boston Real Estate Times HPI Real Estate Breaks Ground on 396-Unit Multifamily Project in Northwest Fort Worth REBusinessOnline Elysian Real Estate Group Announces bohème, a New Boutique Hotel Coming to East Austin Hospitality Net European real estate recovery to build momentum in 2026, according to AEW research outlook Institutional Real Estate, Inc. This Quarter Exposed A Monster Hiding In Industrial Real Estate: Prologis (NYSE:PLD) - Seeking Alpha Rocket Mortgage Rolls Out DSCR Loans for Real Estate Investors The Truth About Mortgage A sprawling Southie real estate project, a state senator’s brother, and $143 million in lawsuits The Boston Globe The Small Property Owners Association Warns Rent Control Ballot Milestone Signals Heightened Risk for Massachusetts Boston Real Estate Times REAL ESTATE | Dream garage meets country comfort on Church Drive in West Bend, WI | By BOSS Realty, LLC Washington County Insider Historic ‘general’s house’ sits idle amid West Palm Beach’s pandemic-spurred real estate boom The Palm Beach Post Jason Oppenheim: Private listings could take real estate 'back to the Dark Ages' Inman Real Estate News Secret Service identifies sophisticated fraud attempt in South Bryan Savannah Morning News Savvy Real Estate Exec Inks Largest Layne’s Chicken Deal Ever franchisetimes.com Newmark Arranges $84.5 Million Sale and Acquisition Financing of Keurig Dr Pepper HQ Campus in Burlington Boston Real Estate Times The age of intelligent real estate Fast Company Waverly Development Breaks Ground on 181-Unit Apartment Community in Downtown Framingham Boston Real Estate Times Where Does Oprah Winfrey Live? A Look Inside the Billionaire’s Real Estate Worth Upwards of $100 Million AD Middle East Rusk County real estate transactions The Ladysmith News Realtor.​com: Florida leads the U.S. in foreÂcloÂsures; Tampa tops metro areas with popÂuÂlaÂtions over 1 million Spectrum Bay News 9 Dean Weidner makes $10M gift to establish Weidner Business and Real Estate Center at OSU Oklahoma State University Mamdani’s Decision to Retain Jessica Tisch Reassures CRE Commercial Observer NTrust report: Need for functional portals in streamlining real estate data Institutional Real Estate, Inc. Victorian-era homes for sale in Portland: 5 historic properties from $500K to $1.5M - OregonLive.com Ellicott City woman used $1M of embezzlement money on Taylor Swift tickets, vacations, more: DOJ DC News Now Daniel Kaufman Expands National Real Estate, AI GlobeNewswire Richland County property transfers Nov. 10-14 Mansfield News Journal Grand Rapids brokerage goes independent after split from Keller Williams Crain's Grand Rapids Business Data Space Technology Leaders Advance Data Interoperability in Construction and Real Estate at the Gaia-X Summit Business Wire A homebuyer’s guide to navigating the purchase contract Palo Alto Online Pulte's Role In Mortgage Fraud Indictment Under Scrutiny Inman Real Estate News UH sells its former Richmond Heights hospital to New Jersey buyer Crain's Cleveland Business October brought the strongest buyer's market in 12 years: Redfin Inman Real Estate News |
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