Looking to buy a home right now? It may not be the best time with the pandemic still impacting the real estate market. With building supplies costing more to produce, the cost of homes are increasing overall making it difficult for buyers to find their perfect home. If you’re looking to sell, you may be in luck!
Even though the pandemic has seen inflation rates skyrocket and the cost of homes increase as well, the market is favoring people who are looking to sell their homes. When inflation increases, mortgage rates remain fixed, meaning homeowners pay the same amount each month know matter how high interest rises. Even though mortgage rates remain fixed, property values increase with inflation and homeowners can sell their homes for more money!
With the pandemic continuing, the real estate market is going to continue benefiting sellers. Learn more about how you can benefit from the real estate market during these uncertain times in the infographic below: