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What is the Hudson market looking like for home buyers and sellers right now?
If you’re wondering how the Hudson market is going to affect your home purchase, right now is a great time to buy.
Interest rates are still very low, which means that you can afford a bigger home than you could if interest rates were higher. Any rise in interest rates can affect affordability drastically.
Also, if we take a look at the third quarter numbers for this year, we see that the number of homes that are selling at or above list price has reduced by 10%. This means that if you have been frustrated by bidding wars and multiple offer situations in the past, now is a great opportunity to get yourself into a home at a great price.
"Low interest rates make now a perfect time to buy a home."
What does this market mean for home sellers? Sellers should be sure to price their homes accurately and have a detailed plan for their listings. This is something that we can definitely help you with.
If you have any other questions about what’s happening in our market right now or you’d like me to go over these specific market numbers in more detail to determine what this means to your specific case, don’t hesitate to reach out to us by phone or email. We’d be happy to help you!