Planning to Retire? Your Equity Can Help You Make a Move

Reaching retirement is a significant milestone in life, bringing with it a lot of change and new opportunities.
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Reaching retirement is a significant milestone in life, bringing with it a lot of change and new opportunities.
Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low.
Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options?
If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates.
Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023.
Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low.
Your equity grows as you pay down your home loan and as home prices increase. With home prices rising again, your equity is getting an extra boost.
Have you ever wondered how inflation impacts the housing market?
Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are?
Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider.
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