Search

Buying a Home in 2019 - Interest Rates

Purchasing their first home or upsizing/downsizing may be more financially difficult for buyers compared to past years. Millennials may be the top buyers in 2019. Many have already purchased a starter home such as a coop/condo apartment and may now be looking to upsize as they are now moving into their 30s and may feel more financially established. Some have started families and require more space.  Millennials typically  are money savvy, more financially conservative and many have started their careers with student debt. In 2018 the interest rates slowly increased pushing to where we are now in 2019. Many buyers have to think about how much they can financially afford and what their monthly mortgage payments will be. Buyers who thought they could afford lower payments each month may have to re-think their price point and work within those parameters.  Interest rates and the new tax law have both impacted their buying power. Silversons Realty is here to assist you in your buying your first home or upsizing/downsizing. Give us a call at 914-725-9344 so we can start working for you!

0 views0 comments

Recent Posts

See All

Selling during winter

Winter is a great time to sell your home. · The serious buyers visit and buy homes during winter months. They are not shoppers but real buyers. · Inventory is typically lower during the winter m

Covid and Real Estate

The market has definitely shifted due to the Covid pandemic. First, the number of foreigners relocating for employment to the United States and especially to New York has declined. Typically, the spr

  • gmail-logo
  • twitter
  • facebook
  • instagram

Copyright © 2020 Silversons Realty | 6 Palmer Avenue #2, Scarsdale, NY 10583 | (914) 725-9344