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Is it Time to Make a Move?

Is it time to make a move with a moving truck

In recent years, many homeowners hit pause on their moving plans due to spikes in mortgage rates. The fear of taking on a higher rate for their next home caused hesitation.

However, in today’s market, data suggests a shift in mindset among homeowners. Mark Zandi, Chief Economist at Moody’s Analytics, notes that life events and job changes are increasingly pressuring locked-in homeowners to consider selling. Moreover, homeowners are realizing that mortgage rates are unlikely to return to previous levels.

Why a Homeowner Would Buy/Sell Today

Is it time to make a move with graph of homeowner sentiments

So, what would motivate you to move? Perhaps it's pursuing a dream job, seeking a neighborhood with a stronger sense of community, or simply needing more space.

It's also worth considering that mortgage rates are expected to decrease over the year, leading to a surge in buyer activity. Delaying your plans may result in increased competition once rates drop and ultimately higher prices.

I Can Help!

Ultimately, the decision to move depends on various factors, including current mortgage rates, future projections, and your personal motivations. I’d love to chat with you about your goals and provide insights for your specific circumstances. As other homeowners embrace the idea of moving, now may be the perfect time for you to explore your options too!

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