Even Drew Barrymore and her art consultant husband Will Kopelman are taking advantage of todays rising home prices! They have listed their gorgeous Montecito, CA estate for $7.5 million, which was originally purchased for only $5.7 million just one year ago.
In real life, homeowners are ALSO capitalizing on these rising prices. Statistics show that this year’s monthly and year-over year growth have been the fastest since 2006. Homeowners are finally reaching positive equity after being underwater for several years. They are now finding the confidence and financial ability to sell and move up to their next home.
Home buyers are also taking action with interest rates on the rise. Although rates have been easing up since they skyrocketed last week, they are still higher than what we’ve been accustomed to.
Bayview Estates Realty is here to assist you in all your real estate needs! Call 516-777-0146