Granger Group
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Home > Don’t Wait to Buy!

Don’t Wait to Buy!

January 24, 2015 by Linda Granger

Don't Wait to Buy!Don’t Wait to Buy! Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. In most areas, including Tahoe, prices are still below those of the peak in 2005-2006. Also, interest rates are still near 4%. However, sellers should realize that waiting to make the move while mortgage rates are increasing probably doesn’t make sense. As rates increase, the price of the house you can buy will decrease.

As the chart shows, a single point increase in interest rates can reduce the purchase price of the home you can afford by 10%.

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Granger Group - Lake Tahoe Luxury Real Estate
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The Granger Group 3092 N Lake Blvd., Suite 3
Tahoe City, CA 96145
(530) 581-0388 Contact Linda
Alpine Meadows | Donner Lake | Incline Village | Lake Tahoe | North Shore Lake Tahoe | Northstar | Serene Lakes | Squaw Valley | Tahoe Donner | Truckee Area | West Shore Lake Tahoe

Linda Granger

Linda Granger - Lake Tahoe Real EstateWhether she is representing sellers in maximizing the value of their investment or helping buyers to find their ideal home, Linda Granger has earned a well-deserved reputation as one of the go-to real estate agents in the Tahoe Truckee area... Meet Linda Granger
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