Buyers of Highlands NC real estate benefit tremendously from today’s low rates. Rates are currently hovering between 4.1% and 4.2% for a traditional 30 year fixed rate loan. The historic average is over 8% and today’s low rate overs a significant savings over the lifetime of a loan. This affordability level, combined with a healthy inventory of homes in Highlands makes it a great time to be a buyer.
Housing around the nation has shown great improvement in recent months, with values on the incline and a decrease of distressed properties. As real estate recovery continues prices will continue to increase as inventories shrink. A stronger market will have the effect of rising home values in the end and a stronger economy will have more buyers sinking their teeth into vacation homes in Highlands.
Contact me, Lynn Kimball, today to learn more about current market conditions in the Highlands area. I welcome the opportunity to serve as your guide to Highlands real estate, helping you get a grasp on what to expect from the buying process. My knowledge and experience can work to your advantage for all of your Highlands real estate needs.
Click here to read “Why 2014 is a great year to buy a house” from USA Today.