Uncategorized July 12, 2013

Effects of Rising Interest Rates and Rent v. Buy

This helps to explain the buyer enthusiams we are seeing in Seattle: With a few exceptions for entry-level homes, interest rates are not yet so far from the low that a previously excited buyer will not buy something. But, they have moved far enough from the low to create additional urgency.

Cool regionally adjusted numbers in the body of the article (the 10.5% accounts for the less robust markets in the US). http://www.forbes.com/sites/trulia/2013/06/14/buying-cheaper-than-renting-til-mortgage-rates-hit-10-5/