What’s a home buyer to do when interest rates rise? It’s a question many are considering as the market recovers from the long period of historically low rates following the financial crisis of 2008. With rates rising, buyers worry about getting a bad deal, and what that could mean for long-term financial stability.
Ah, December 25. Bells are ringing, trees are twinkling, houses are…selling?
Well, not typically, but it turns out if you’re searching for the perfect home in the winter season, and you’re willing to put in some legwork over the holidays, there’s good news for you: you’ll face less competition and the potential to get a great deal.
Your home is one of your greatest financial assets, and not just because of the payoff you hope to receive if and when you sell. For many who vacation or travel to see family for the holidays, renting the house can lend some relief to holiday spending, or even help you pay for the trip you’ve always dreamed about.