![The Benefits of Downsizing for Homeowners [INFOGRAPHIC],KCM Crew](https://img.chime.me/image/fs/chimeblog/20230708/16/w600_original_94260333-02eb-4a45-ad1f-133d5ed0f2dc-png.webp)
The Benefits of Downsizing for Homeowners [INFOGRAPHIC]
Some HighlightsDownsizing is a popular choice for homeowners when they retire or when their needs change, but with inflation still high, it’s also a way to reduce costs.Downsizing could help cut down on your expenses and your equity can fuel your move.If you’re thinking about moving to a smaller home, connect with a real estate professional to go over your housing goals and look at your options in the local market.
Help Local Homeless: Apply for HUD Funding
HUD has $3.1 billion to spend on projects that help the U.S. homeless population, and it’s accepting funding requests until Sept. 28, 2023.
Sale Prices Top List Prices – First Time in a Year
For the first time since last August, the average sale-to-list price ratio surpassed 100%, says Redfin, as low inventory and steady demand buoy home prices.
Mortgage Rate Hits 6.81%, Highest Since Nov. 2022
It’s a new high for 2023 and the second week of increases. It’s largely the result of higher 10-year Treasury Note yields as investors worry about inflation.
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