Interest rates have been rising and they are only expected to continue going up in 2017. Understandably, this has prospective buyers nervous that when they finally find their dream home, they won’t be able to afford it. Don’t fret, there is hope!
Along with increasing rates, the new fiscal policy is expected to boost wages and increase the amount buyers can borrow. Also, home prices are projected to stabilize in comparison to recent years, further increasing a buyer’s potential. Buyers can confidently continue their search knowing that their outlook in 2017 is positive. (For more see: http://www.usatoday.com/story/money/2017/01/01/housing-outlook-brightens...)
At WDA, we represent buyers and sellers of homes and condominiums in Massachusetts. If you, your friends or family are looking to purchase, give us a call! We would be delighted to work with you and answer any questions you may have.
Attorney Dominic Poncia