It’s fall – the perfect time to make that downsizing or relocating! We help our clients make the most of their home’s equity, so consider how fiscal and economic policy changes might impact home values.
Monetary tightening – Will interest rates increase? Experts say most likely yes, and it will be gradual. Even small incremental increases could price some buyers out of the market.
Eviction restrictions lifted – Will a flood of homes hit the market? This is unknown until later this year. The assumption is many mom-and-pop landlords will get out of the rental business due to the recent hardships.
Tax changes – Will selling your home cost you more? It depends. If there’s a capital gains tax increase, it could impact home sellers who have built substantial equity. These are not bubble-bursting events but could create downward price pressure. If you’re in an equity-rich position and are flexible, you should consider selling your home within the next six months to get the highest forecasted price.
Contact Kevin for any questions you may have by clicking on the Gray Clickable Links below or to the right.
