Expert Contribution

Who is still on the fence?

The question on everyone’s mind right now is “how will the market change with the increase in interest rates?” 

There are many expert opinions out there. They run the gamut of 

1) prices will continue to increase because inventory will remain low….. to a more moderate opinion of, 

2) the market will slow due to decreased affordability with higher rates,……. all the way to the doom and gloom of 

3) another recession is bound to happen. 

For those of you who will be buying a home, acting now is in your best interest. The charts below show the cost of waiting. These charts show that the future cost isn’t just price appreciation, it is the lost appreciation, it is the higher down payment in the future, it is the higher taxes, etc that all go with next year’s price, and so on. These factors, coupled with rising interest rates should make anyone who is on the fence want to take action now. 

If reading this piques your interest, call me with your questions and scenarios and I, along with my expert mortgage agent, will do an analysis for you. 

See you around town, 
Janice Jordan 

Janice Jordan is a third generation real estate expert. She has lived in Danville for over twenty years. In her spare time Janice loves to hang out with her daughter, Jenna, and go on outdoor adventures of all kinds.

About The Author

Real Estate
Janice Jordan
Janice Jordan, Compass Broker/Associate

Janice Jordan comes from three generations of real estate experts. Her passion and perseverance, combined with 30 years of experience and being a Danville resident for over 20 years, is her key to creating an extraordinary client experience, always exceeding expectations, and the reason clients call on her every time they are buying or selling a home. She is an upstanding member of the community and spends her time volunteering and supporting local events.

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