How will home prices and interest rates affect buyers and sellers throughout the rest of 2020? Find out today.
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Last year, Rhode Island followed national trends with a year-over-year average sale price increase of 5.6%. We also saw the highest average sale price on record for single-family homes, dating back 43 years. That was 2019, but what’s in store for the rest of 2020? Today I have your full market outlook.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety or use these timestamps to browse specific points at your leisure:
0:32—What increasing prices mean for sellers
1:30—What increasing prices mean for buyers
2:27—Where interest rates are headed and what could influence them
3:33—How rates are affecting sellers
4:30—How rates are affecting buyers
5:06—Why it’s a good idea to consider a 15-year mortgage instead of a 30-year one
5:34—Wrapping things up
If you have additional questions about the information covered in today’s message, feel free to call or email me. I would love to speak with you.