A Deep Dive into Market Dynamics, Seller Confidence, and Buyer Opportunities Amid Rising Mortgage Rates
The New York City real estate market is displaying resilience despite 30-year mortgage rates nearing 8%. In October, homes entering contract saw a substantial 23.6% increase from September and an 8.1% rise from October 2022. The citywide median asking price reached a record high of $1.1M, indicating
The Dark Side of Fast Transactions: Disadvantages of Cash Home Buyers
Selling your house to a cash buyer can have its advantages, such as a faster and potentially smoother transaction. However, there are also cons associated with this approach. Here are some common drawbacks: Lower Sale Price: Cash buyers often seek a discount in exchange for the convenience of a quic
2024 Homeownership Dilemma: Deciding Between Mortgage Refinancing and Selling Your Property
The current economic landscape, marked by high prices of food, energy, and services, is placing financial strain on homeowners. Amidst the Federal Reserve's rate hikes and rising housing costs, the dilemma of whether to refinance a mortgage or sell a home has become more complex. In this post, exper

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