The real estate market has changed drastically in recent years, especially in light of tough economic times for many people. The good news is that most experts believe that the housing market is back on track and on the rise, which means that it’s a better time to buy or sell a home. Make sure you have a great moving company on your team when you’re relocating across town or across the state. Keep reading to learn more about some of the top housing trends you can expect this winter.
There are two major types of home mortgages: fixed-rate and adjustable-rate. Fixed-rate mortgages are usually seen as a less risky venture, as your payments will not fluctuate throughout the life of your loan. However, adjustable-rate mortgages are expected to rise in popularity in the coming months since mortgage rates have risen slightly from last year’s. If you need a larger mortgage in order to move into the home that you desire, an adjustable rate mortgage could be the right choice for you.
Home Equity Loans
During the housing boom, home equity loans became rather popular. However, during the recent market crash, lenders were far more wary to engage in home equity lending. Now that the housing crisis is over, home equity loans are becoming more appealing to both homeowners and lenders. Equity loans usually let homeowners borrow up to 80% of their home’s value.
Urban Over Suburban
Housing experts have found that there is less interest in developing suburban areas than there is in urban areas. People are looking to move to large and mid-size cities where there are still good deals to be had on housing. Young professionals are expected to continue to rent homes and apartments instead of buying, which can mean moving more often in some situations.
Men On The Move is here to help you get to where you’re going, no matter what the current housing trends may be. We also offer storage facilities to help you during the moving process. Call us at (888) 369-2561 to learn more about our New York City moving company.