This month in real estate, Dacula Georgia and Hamilton Mill
This month in real estate, Dacula Georgia and Hamilton Mill.
As a service to you our clients, we wanted to provide this insightful information on the real estate market on a national level. Overall the homes sales in Dacula, Georgia and Hamilton Mill remain strong but there is a underlying current of a rise in interest rates that will affect both buyers and sellers this spring.
Mortgage rates are on the rise and we all need to know how this will impact both those looking to buy or sell. As interest rates rise, home buyers will have to pay more in monthly mortgage payments which will lower their buying power. A 1% rise in interest rates typically lowers a buyers price point by 10%. This rise in interest rates also has an impact on sellers as less people are going to be qualifying for their homes.
Click on the link and photo below to see "This month in real estate for March 2015"