As you may have heard in the news, the Fed raised the short-term interest rates in December for only the second time in a decade. What does this mean for you as a home buyer or seller? While it signals confidence in the economy it does affect a buyer’s purchasing power. So, even if you are considering selling your house in the near future this could mean fewer buyers are qualified to buy your home. With the rate hike, the Fed also hinted at the possibility of future rate increases as well. Borrowing money is still very affordable but there is no guarantee it will remain so. If you are considering buying or selling a home in 2017, please contact me to learn more.
All of us here at Nettesheim & Associates wish you and your family a very happy holiday and a prosperous 2017!