Macomb County Michigan: How to Sell Your Home During the Pandemic
By: Rick Giese RE/MAX First
Good News for The Housing Market
How could the Housing Market go up during a recession, you ask? When the Stock Market dips, investors consider it to be too risky, so instead, they look for safer places to invest their wealth. Bonds and Real Estate are some of the most common places investors turn to during times like these. The higher the demand is for Bonds—like right now—the higher the price becomes, and the lower the interest payment is relative to the price. When these yields are lower, mortgage rates are lower, too. Mortgages rates were down to 3.29% last week compared to last year during this time when they were 4.41%. Investors looking to Real Estate as a safer place to put their money follows the same trend as Bonds, which is why interest rates are down.
We encourage those who were on the road to buying/selling this season to continue on that path, and those who weren't, to jump in! The Housing Market is booming behind the curtain of fear Coronavirus has covered us with, and we want you to take advantage of these unique Housing Market conditions. Follow precautions, be mindful, and get ready to sell faster and for more money!!
This may be the year to take advantage of your home equity by applying it forward, either as you downsize or as you move up to a new home.
Thinking about selling your Macomb County home or condo and want to know what it would sell for in today's market. visit http://www.ezhomeprice.info
Rick Giese RE/MAX First