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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: Why Reading the Housing Market 'Tea Leaves' Is So Tricky for Buyers and Sellers This Spring Realtor.com Real Estate Transfers: March 6, 2026 The Bedford Citizen Court strikes down federal real estate surveillance rule Pacific Legal Foundation Spylandia: How a Stretch of Florida Real Estate Has Become a Covert Corridor for Chinese and Russian Spies Vanity Fair Investors see Kaegi’s defeat as chance to rebuild Chicago’s real estate credibility Crain's Chicago Business Federal District Judge Wrongly Strikes Down Safeguards for U.S. Residential Real Estate The FACT Coalition Treasury’s Real Estate Reporting Rule Struck Down in Court (1) Bloomberg Law News CRMLS to ‘give revenue back’; a tech upgrade for BeachesMLS RealEstateNews.com Latest Manitowoc County property transfers reveal $765K sale Herald Times Reporter Summit County property owners must file valuation complaints by March 31 Akron Beacon Journal EG Real Estate: Spring Selling Starts Slow, 5 New & 3 Sold East Greenwich News How brands must rethink roadside real estate Fast Company Robert Reffkin says he’s ‘pro-MLS’ — but doubles down on criticism RealEstateNews.com Hope for sub-6% mortgages evaporates as rates jump again RealEstateNews.com UNL Releases Preliminary Farm Real Estate Market Survey Results for Northwest Nebraska Tri-State Livestock News Real Estate developer indicted for multimillion-dollar loan fraud Manchester Ink Link Lakes Region real estate market report The Laconia Daily Sun Welcome to Real Estate Friday! The Berkshire Edge NAR Releases Statement on Pre-Marketing and Coming-Soon Listings National Association of REALTORS® Thoughts About Real Estate As A Safe Haven Housing Notes by Jonathan Miller Community Builders Profile: Anyeley Hallová and the Future of Equitable Real Estate Development Urban Land Magazine Two multi-property real estate sales in Midland in early March Midland Daily News What I'm Watching With Vanguard Real Estate Index Fund ETF Shares to See If They Beat the Market The Motley Fool 205 homes sold in McKinney, other local real estate data from February Community Impact | News March 13-20 Gulfport Real Estate Sales The Gabber Newspaper Target planned for Northgate Mall site as long-vacant property eyes revival ABC11 Raleigh-Durham LOGAN RICHETTI: February shows steady growth in Midland real estate market Midland Daily News Four deals fuel $2.9B in commercial real estate investment Honolulu Star-Advertiser Homestead Real Estate Tax Credit Archives Muddy River News Pinellas Beaches Real Estate March 13-20 The Gabber Newspaper NYC’s Real Estate Future Hinges on Development Incentives, Safety: Panelists - Commercial Observer NYC’s Real Estate Future Hinges on Development Incentives, Safety: Panelists Commercial Observer real estate transactions Waylandpost The New Miami Gold Rush The New York Times 30 Under 35 | Hilary Osborn The Wenatchee World Three earn promotions at Stephens Real Estate ironmountaindailynews.com Priced Out No More? College Teams Compete to Build Attainable Homes National Association of REALTORS® Jessica Goldman Srebnick Headlines CREW Miami Discussion on Wynwood, Leadership, and Real Estate citybiz The Pipeline: Commercial real estate roundup for 3.20.26 Richmond BizSense Creative Financing Meets Federal Indictment In New Hampshire Real Estate Developer Bank Fraud Case The Maine Wire Berkshire region real estate sales – March 20, 2026 The Berkshire Edge Prime Sarasota site near downtown hits market for $25M: photos Sarasota Herald-Tribune Opinion | The real estate developer in chief notches a housing win The Washington Post Vanguard Real Estate ETF: Sector Leader Sees 2026 Gains Amid Defensive Shift - News and Statistics IndexBox Crescent Real Estate's Texas Hill Country condo project lands Houston buyers - The Business Journals Crescent Real Estate's Texas Hill Country condo project lands Houston buyers The Business Journals As AI adoption grows, MLSs emerge as technology validators Inman Real Estate News Housing Supply Summit Shares NAR-Backed Playbook National Association of REALTORS® Developer buys Girard Avenue corner in Northern Liberties, plans retail project The Business Journals Mar-a-Lago generator building design faces review The Palm Beach Post Real Estate Listing Agent in Vienna, VA, Highlights Growing Impact of Home Staging on Sale Outcomes openPR.com Fond du Lac County property transfers include $775K top sale fdlreporter.com Real estate sales in Jefferson, Bullitt and Oldham counties Sept. 2-7, 2025 The Courier-Journal Prime Sarasota site near downtown hits market for $25M Sarasota Herald-Tribune |
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