Many of today\u2019s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today\u2019s rates have started coming down from last year\u2019s peak, they\u2019re still higher than they were a couple of years ago.<\/p>\n

Today, 93%<\/a> of outstanding mortgages have a rate at or below 6%. That means a strong majority of homeowners with mortgages have a rate below what they\u2019d get if they moved right now. But if you\u2019re a homeowner in that position, remember that mortgage rates aren\u2019t the only thing to consider when making a move. Your mortgage rate is important, but there are plenty of reasons<\/a> you may still need or want to move. RealTrends<\/em><\/a> explains:<\/p>\n

\u201cSellers who don\u2019t have to move won\u2019t be moving. The most common sellers will be: Homeowners downsizing . . . people moving to get more space, [households] looking for better schools\u2026etc.<\/strong>\u201d<\/em><\/p><\/blockquote>\n
So, if you\u2019re on the fence about selling your house, consider the other reasons homeowners are choosing to make a move. A recent report from the National Association of Realtors<\/em> (NAR) breaks down<\/a> why homeowners have decided to sell over the past year:<\/p>\n
$\"The$ <\/a><\/p>\n
As the visual shows, the most commonly cited reasons for selling were the desire to move closer to loved ones, followed by moving due to retirement, and their neighborhood becoming less desirable. Additionally, the need for more space factored in, as did a change in household structure.<\/p>\n
If you also find yourself wanting a change in location or needing space your current house just can\u2019t provide, it may be time to sell. <\/strong><\/p>\n
What you want and need in a home can be reason enough to move. To find out what\u2019s right for you, work with a trusted real estate professional who will offer advice<\/a> and expert guidance throughout the process. They\u2019ll be able to lay out all your options \u2013 giving you what you need to make a confident decision.<\/p>\n
Bottom Line<\/strong><\/h3>\nWhen deciding whether or not to move, you have a lot to consider<\/a>. There are plenty of non-financial reasons to factor in. Let\u2019s connect today to weigh the benefits of selling your house.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
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