We have often talked about the difference between COST and PRICE. As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first time or repeat buyer, you must not be concerned about price but instead about the ‘long term cost’ of the home. Let us explain.

Recently, we reported that a nationwide panel of over one hundred economists, real estate experts and investment & market strategists projected that home values would appreciate by approximately 8% from now to the end of 2015.

Additionally, Freddie Mac’s most recent Economic Commentary & Projections Table predicts that the 30 year fixed mortgage rate will be 5.7% by the end of next year.

What Does This Mean to a Buyer?

Here is a simple demonstration of what impact these projected changes would have on the mortgage payment of a home selling for approximately $250,000 today:

 

                                               Questions about selling your house?

                           Contact The Lowry Team today! Call or text 513-586-6900

Kentucky New Real Estate Listings

HOME VALUES		MAP SEARCHES		CONTACT US
JUST LISTED		UNDER $200,000		$200,000 - $300,000
$300,000 - $400,000		$400,000 - $500,000		LUXURY HOMES

NEW LISTING HOMES FOR SALE