Posts from July 2022
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How Assumable Mortgages Could Solve Some Market Woes
With interest rate hikes, we will likely see a correction in the housing market. For most, that's good news— we love a balanced market that takes the pressure off of both buyers and sellers. But in the mean time, it kind of leaves everybody wondering what to do in order to make a reasonable real estate move.
Sellers may be concerned about their listing's profit potential as more and more buyers are priced out of the market by higher home prices and higher interest rates.
Buyers, of course, are concerned about more expensive loans and whether or not they can make something happen before interest rates increase again.
And while interest rates are still low historically, we are absolutely in the midst of an affordable housing crisis because of inflation.
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