The home market in Washington State is in a perpetual tailspin with the recent hike in interest rates. As the Fed pulls out all the stops to slow down inflation, homeowners are left having to deal with a buyers’ market with a dwindling number of buyers.
Washington State – The Fed increased interest rates by more in November 2022; it is not the first-time rates have shot up, and it will certainly not be the last. The increase in interest rates means borrowers will have to pay a higher interest rate; the hardest hit is first-time home buyers that rely on mortgages to buy their first home. The higher interest rate is a deterrent for home buyers and anyone else who wants to get a loan. According to Jubilee Properties, the net effect of the higher interest rates is that there are fewer buyers in the market than they were this time around last year.
The worst thing about rising interest rates is the fact that the Fed is on a mission to raise interest rates further, even risking higher unemployment figures. The goal, according to experts, is to curb inflation at any cost. Unfortunately, homeowners that want to sell will bear the brunt of the latest interest rate hikes.
Readers can learn more about Jubilee Properties and how to sell their homes for cash or get a fair cash offer by visiting https://www.jubileepropertiesnw.com.
“Right now, selling a home is hard, regardless of if it is the best looking home on the block. If you have an ugly or old home, it is even harder. But moving into 2023 and the round of interest rate hikes we expect in the new year will make it even harder. That’s why we believe now is the best time to sell, especially if you are sitting on the fence but need the money. We offer homeowners the opportunity to sell their homes for cash,” said a representative for Jubilee Properties.
She added, “Get in touch with us today, and we will make you a fair cash offer within 24 hours. You can decide to move ahead with the sale if you think the offer is fair.”
About Jubilee Properties
Jubilee Properties is Washington State’s leading cash-for-home buying service. The company has earned a reputation for being transparent and providing homeowners with a quick and straightforward way to sell their homes.
SOURCE: Press Advantage [Link]
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