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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
MORE RESOURCES: Real estate transactions — April 10-16 SteamboatToday.com Real estate is facing the worst fair housing crisis since the ‘60s Real Estate News by RealEstateNews.com Norwalk's 2024 grand list drops to $16.2B, led by $1.3B decline in real estate values - Norwalk Hour Trump Official Scrutinizes N.Y.’s Attorney General Over Real Estate The New York Times Real Estate Transfers ~ April 3, 2025 The Bedford Citizen Prince Harry and Meghan Markle Have Made Some WILD Real Estate Moves in the Past 8 Years House Beautiful Real Estate Investing: 5 Ways to Get Started NerdWallet Former executive sues Pat Connaughton's real estate company Milwaukee Journal Sentinel Real Estate Market Report (Feb./March) highlandscurrent.org The Michael Houck Real Estate Guide for April 20 Oil City News Agent Spotlight: Jim Smyth The Grand Junction Daily Sentinel How the Pandemic Changed New York City Real Estate Behind The Hedges Beyond the Boardroom: LIVE Real Estate Group's Dionne Clifton The News-Gazette Real estate options slim for Grove City dispensaries The Columbus Dispatch Mandatory NAR membership facing a new legal challenge Real Estate News by RealEstateNews.com Brokerage Beat: News from Compass, eXp, The Agency, more Real Estate News by RealEstateNews.com Many first-time homebuyers are pushing 40 as millennials wait in vain for a better market - NBC News Real estate sales in Peoria, Tazewell and Woodford counties for April 19, 2025 - Peoria Journal Star Real estate sales in Peoria, Tazewell and Woodford counties for April 19, 2025 Peoria Journal Star Sandwich house on market in 'awesome location' for $680,000 Cape Cod Times Zillow just started an all-out war over real estate listings Business Insider Houston real estate lawsuit: Harris County suing couple in forgery case and theft of 35 properties ABC13 Houston Housing Market Crash Alert? Zillow Turns Negative on Home Prices Norada Real Estate Investments The Hollywood Reporter Celebrates the Big Apple’s Top Real Estate Agents at New York Power Broker Awards The Hollywood Reporter Accused Houston real estate fraudster connected to dozens of stolen properties caught attempting new deed filing Click2Houston Portland homebuyers rush into combative spring market OregonLive.com Who’s Buying What in the Big Apple? Ask NYC’s Top Realtors The Hollywood Reporter Dodge County Real Estate Transfers Fremont Tribune Mumbai’s Rush to Rebuild Comes With a Warning Bloomberg.com Page C13 Post and Courier Real estate Sales include business buildings in Westfield, Jamestown observertoday.com Trump’s latest crypto venture will be a video game, and sources say it will be like Monopoly Fortune Phoenix land on Camelback Mountain with Frank Lloyd Wright-inspired home for sale for $30M The Arizona Republic Historic flooding locally impacts commercial real estate market The News-Enterprise Q1 Estin Report for Aspen Snowmass real estate shows growth AspenTimes.com House of Week: With its indoor heated pool, this Marcellus property is ‘like a vacation’ Syracuse.com Westmoreland County Real Estate Transfers The Latrobe Bulletin News | Real estate pros look for signs of federal offices heading to suburbs under new directive CoStar Battle Of The Listing Sites. Zillow Bans Pocket Listings, While Homes.com Welcomes Them Yahoo Finance Main Line home with 3 golf holes on former Penshurt Estate asks $2.3M The Business Journals People on the Move at NAR, Christie’s, Realfinity and more Real Estate News by RealEstateNews.com $20M Coldwell Banker real estate calls class action settlement Class Action Lawsuits Real Estate Notes: Rutledge Hill hotel to open July 1 Nashville Post The Mountain city where thousands are selling their million-dollar homes amid 'cloud of uncertainty' Daily Mail MLS that quit enforcing Clear Cooperation gets back on board Real Estate News by RealEstateNews.com Check out the number of homes sold, listed for sale in March across Flower Mound, Highland Village, Argyle Community Impact | News Berkshire County Real Estate Transactions for March 31-April 4 The Berkshire Eagle Post-hurricane real estate market hard to pin down Your Observer Stafford County supervisors vote to increase real-estate tax rate by 3 cents Fredericksburg Free Press Imran Chaudhary, leading the real estate project in East Plano, says his planned Islamic Center is misrepresented by politicians IslanderNews.com How Eliminating Property Taxes Could Impact Florida Homeowners U.S. News Real Estate Kohl’s real estate head joins CBRE’s retail group Chain Store Age CoStar CEO takes on Zillow in letter to agents Real Estate News by RealEstateNews.com Real estate news: 2-tower office campus in Newport Beach sells at a loss for $33M Orange County Register Housing Market Predictions for 2025 Ramsey Solutions Mr. Zuckerberg Goes to Washington and Buys a Mansion The New York Times $2.1 Million Homes in Muskoka, Ontario The New York Times Real Estate Transactions for April 19-20 nashuatelegraph.com News of public record: Muskingum County real estate transfers Zanesville Times Recorder Real Estate 101: A Tenant Landlord Relationship The Rome News-Tribune Department of Taxation and Finance dos.ny.gov Blackstone warns tariffs ‘may slow’ CRE deals The Real Deal |
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