Woodhill Homes Blog

With today’s real estate market conditions, now is a great time to buy and trade up! “What?” you may say. But when it comes to buying and selling homes, I always suggest people look at the big picture when it comes to trading up. Okay, you may not get a dreamy windfall of cash you would like for the house you are selling, but if you have equity in your current house you can use that as a down payment on a better house. And if you need a better house (one that’s bigger, nicer finishes, different neighborhood, more energy-efficient or whatever), you would be crazy not to upgrade now. You have an outstanding selection to choose from and waiting will only cost you more in the long term. Think about it.

Share This

In hope of thwarting a recession, the Federal Reserve took strong steps in the last 2 weeks: a 0.75% emergency interest-rate cut followed by another 0.5%, bringing its target short-term rate down to 3.0%. For mortgage holders, this is mixed news. On one side, the drop in rates will ease some homeowners’ mortgage pain. But it will also reduce savings rates. Here’s what to expect:

Mortgages

Share This