Cape Gazette

Your Home Buying Power Will Never be Better than Right Now

By Pat Campbell-White's Rehoboth Beachteam | Jul 27, 2014

Now that the Southern Delaware housing market has stabilized for a couple of years, more and more homeowners are considering moving up to the home they have always dreamed of. Delaware home prices are still well below those of 7 or 8 years ago and interest rates are still below 5%.

If you are a "move up" home seller, you should realize that waiting to make the move while mortgage rates are increasing probably doesn’t make sense. As rates increase, the price of the house you can buy will decrease.

Here is a chart detailing this point:

1.28 Blog Visual

Give Pat and Carla a call today if you are interested in seeing what the current market has to offer. Email us to with any questions you may have.

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