top of page

5 reasons people will still move this year (despite interest rate & inventory)

Writer's picture: Ashley ClevengerAshley Clevenger

Updated: 5 days ago

I'll be honest, for a lot of folks, it's NOT a good time to buy or sell a house in York County, Williamsburg and Hampton Roads in general. But there are 5 reasons people will still move to, from and around the Virginia Peninsula this year—even with high interest rates and low inventory:

1) Job Change.

Let's be real, the economy doesn't care if you have the home of your dreams locked in at a 3% interest rate. If work changes, you have to make a change, too. Sometimes, folks decide to rent their homes out because their mortgage rate is so low, but most of the time, people need the equity in their current home to buy the next one.


2) Wedding Bells.

Starting a new life together means living together! In some cases, this means first-time buyers looking to purchase a home. But if both are already homeowners, a marriage means one person needs to sell their home, since they'll move in together.


3) Babies.

See #2. It doesn't matter if the economy is "good" or "bad," people still have babies. And a crib in your bedroom is fine, but when that baby starts to grow, you'll need more space.


4) Divorce.

When a couple separates, it often involves figuring out who gets to keep the home and who moves out. Or sometimes, the best course of action is to sell and split the money.


5) Death.

When a loved one passes, the family can face some big decisions when there's a home involved. Especially when it comes to estates, it's important to make sure you have an experienced agent to guide you through the process and know the best options available.


Now, even in a tough market like this, some people will absolutely just move because they want to… not because they have to. But for the average person here in the Yorktown/Williamsburg area, a move is happening right now because of one of the reasons I listed. At the end of the day, it doesn't matter what the economy is like, or whether it's a seller's market or a buyer's market.


Life happens, and you'll need to move.


So, if you have any questions, or know anyone who might, feel free to pass along my info to them. I'm happy to help.


- Ashley


P.S. You can message me here, or my personal cell number is (757) 869-6134.





 

Ashley Clevenger is one of the best Realtors on the Virginia Peninsula. Not only is Ashley the most trusted Realtor in York County / Yorktown, but she is the top home reseller in York County / Yorktown. But she's never too busy for your call or referral!

1 view0 comments

Recent Posts

See All

Comments


CONTACT ASHLEY
for a free home valuation, to find a new home or ask a question:

Thanks for contacting me!

bottom of page