After the new president was elected, our home values shot up. Why is this, and can we expect it to continue?
You may have heard a lot lately that President-elect Donald Trump has made houses more expensive. Has he really? Kind of.
The change in rates was simply a byproduct of his election. Interest rates went up as a reaction to what they anticipate his economic policies will be. Things are more expensive because anyone who was looking for a home before the election just had their mortgage payment go up.
What is that going to do to our market? Will it keep going up? Only time will tell. All I can say is that right now, houses are getting a little more expensive.
If you’re looking to buy in the next year, give us a call or send us an email. We would love to help you take advantage of today’s rates so that you aren’t impacted by a future, even more significant rise.