Federal Interest Rate Increases Could Affect QC Real Estate Market
According to a recently released article from USA Today, the United States Federal Reserve is planning a series of small interest rate increases scheduled to disperse at spaced-out intervals throughout the next few months. After the initial hike goes into place today, consumers will likely see higher rates when applying for auto loans, property mortgages, and credit cards through their financial institutions.
Although it can be concerning when the real estate market changes and unexpectedly fluctuates, let’s try to look at the situation from a “glass half full” perspective. City officials throughout the Quad Cities are constantly constructing new residential neighborhoods and complexes to meet the ever-growing needs for affordable housing in the area. Interest rates are still at an all-time low, even with the latest increases from the government, which is certainly good news for potential buyers who are looking to borrow a bit of money to buy a home. And even though the demand for new houses in the Quad Cities continues to be quite competitive, the amount of people preparing to sell their homes has caught up considerably.
Here at The Bassford Team, we understand how confusing and stressful it can be when preparing to buy a home, which is exactly why you need a trusted real estate agent by your side. We are dedicated to doing everything in our power to make this process one of the most exciting & enjoyable experiences you’ll ever have. So, whenever you have a free moment, take some time to check out our latest selection of homes for sale in Bettendorf, Davenport, Rock Island, and Moline.
Alternatively, if you’re interested in selling your Quad City home, then The Bassford Team would be happy to assist you with that as well. Our instant cash offer, trade-in, and guaranteed sale programs have helped countless citizens sell their QC houses quickly & easily, sometimes in less than seven days.
Call The Bassford Team Today!
If you would like additional information about any of our real estate services, please submit your request through our website or call The Bassford Team directly at (309) 292-3681 to speak with an associate.