Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of.
Prices are still below those of a few years ago and interest rates are still below 5%.
However, sellers should realize that waiting to make the move while mortgage rates are increasing probably doesn’t make sense.
As rates increase, the price of the house you can buy will decrease. Here is a chart detailing this point.
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Thinking of making a move?
Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.
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Jim Starwalt, Real Estate Broker
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Illinois Real Estate 2014: Don't Wait - Move Up to the Home You've Always Wanted!