Highlands NC and Cashiers NC Real Estate, Mortgage Rates Rise

If you have been watching Highlands NC and Cashiers NC real estate you might have noticed that mortgage rates are on the rise.  While rates are still affordable they recently hit above 5% for the fist time in ages, a sign of stability on the horizon for the economy.  What does this mean for anyone thinking about buying property in Highlands or Cashiers?  When rates rise the long term cost of home ownership rises as well.

The question many people looking at Highlands property may be asking is whether home prices will drop any further?  The luxury market is definitely different from the lower end market in that listing prices have not dropped significantly.  That being said a home is merely worth what someone is willing to pay for it.

The real cost of real estate rises with interest rates.  Therefore, if you are thinking about buying Highlands real estate in the coming year there couldn’t be a better time to get out and look.  Contact us today to learn more about what is going on with regards to Highlands real estate.  We have access to all listings currently on the market and also know what buyers are truly motivated to sell.

For more information about Highlands and Cashiers North Carolina, and for access to the Highlands/Cashiers NC MLS, contact Meadows Mountain Realty today, 828-526-1717 or email us today at info@bhhsmmr.com.

About the Author
BERKSHIRE HATHAWAY HOMESERVICES MEADOWS MOUNTAIN REALTY has been serving the Highlands NC and Cashiers NC areas offering exclusive mountain real estate and country club properties since 2003.

We recognize that there are many important aspects to consider in making a real estate choice. With that in mind, we listen closely to the needs and desires of each individual customer and work diligently to find the ideal mountain property or to sell your property as efficiently and effectively as possible. However, our job does not stop there.

Once you have made your real estate decisions, we are here to help you in any way that we can. It will be our pleasure to familiarize you with all aspects of the Highlands and Cashiers communities, including home, professional and personal services as well as activities, restaurants, health care and shopping. We will go the extra mile to ensure that your experience in the mountains exceeds your expectations.

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