With millennials coming into the “home buying” age, this is a question you’re going to get more and more. This goes twofold for people looking to sell their home and move up.
The short answer is: yes and yes.
As said above, low mortgage rates mean it’s a great time for anyone to buy: whether it’s for the first, second or fifth time. This is especially true for someone looking to upgrade their home and purchase one in a higher bracket.
The low mortgage rate will help them afford more house at a lower monthly payment.
Combine that with low inventory and high demand, and you have an equally good seller’s market. This goes especially for homes in the low to mid-range.
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