Highlands NC Real Estate, Luxury Home Sales Unaffected by High Rates
Meadows Mountain Realty, Highlands NC real estate
Luxury home sales seem unaffected by high mortgage rates which is good news for Highlands NC real estate. Rates have risen and the cost of borrowing is affecting real estate sales across the Nation. However, while residential real estate sales are floundering luxury home sales are flourishing. Additionally, prices are continuing to rise. If you are considering selling Highlands NC real estate the current trends for the luxury market might be in your favor.
Luxury home sales outpacing non-luxury home sales
Why are luxury home sales outpacing non-luxury home sales? One reason is that luxury home buyers are not often tied to loans for a purchase. This means that rising rates have no influence. While inventories are still relatively low, the listing of luxury homes is increasing. Luxury homeowners selling to buy another home will typically pay for the next home with cash. Taking high interest rates out of the equation for buyers fuels the luxury home market.
Luxury homes in Highlands NC
The Highlands Plateau has a healthy luxury real estate market, with homes to suit the most discriminating buyer. Gated communities, golf course homes, in-town masterpieces, and sprawling estates with endless views represent some of the luxury homes that can be found in our mountain community. The vacation home market is a sector of the luxury home market and it is benefiting from not being affected by rising interest rates.
Learn more about Highlands NC real estate
Contact our Berkshire Hathaway HomeServices Meadows Mountain Realty team today to learn more about buying and selling homes in the Highlands NC area. We welcome the opportunity to update you on market conditions while getting you up to speed on current listings. Let our knowledge and experience serve as your guide to Highlands NC real estate.
Click here to read “The Typical U.S. Luxury Home Costs More Than Ever Before” from Realty Times.