Rising Prices are Making these 2 Groups Happy
Rising prices are making Sellers happy-no surprise there. Sellers are Buyers usually though so they may feel the pain when buying.
Another group that is getting happier & not so obvious, is those homeowners renewing their mortgages. Why? When prices dropped during all the interest rate hikes, it often ate up the equity in a home. Traditional lenders want a minimum of 20% equity so now that prices are coming back, it should put a smile on this group's faces.
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