Highlands NC Real Estate, Larger Loans Common These Days
Larger loans are common these days across the nation and Highlands NC real estate is no exception. Home values have been rising and mortgage limits are following suit. While not every Highlands NC home sale involves a mortgage, the majority still do.
Rising values and rising rates
There is no doubt that it is a sellers’ market. Competition among buyers is stiff and home values are continuing to rise. Double-digit increases year-over-year are leaving some to wonder when prices will drop but there does not appear to be an end in sight. With these rising values come larger loan amounts and rising rates. Yet, buyers remain undeterred, ready to make an offer when something that appeals to them hits the market.
Good time to buy?
Timing is tough. Ultimately, no one knows whether the timing is good or not until the peak has passed. However, Highlands NC will always hold appeal and there is certainly value in that. Lifestyle and location will keep our mountain community popular and while prices are expected to level off eventually there is no expected downturn in the near future.
Learn more about Highlands NC real estate
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about buying and selling Highlands NC homes. We welcome the opportunity to update you on market conditions while answering all of your buying and selling questions. Let our knowledge and experience serve as your guide to Highlands NC real estate.
Click here to read “Mortgage Amounts Break Record Again” from REALTOR Magazine.