It certainly is no secret that obtaining a lower interest rate for a mortgage typically allows for a lower payment. Naturally then, low interest rates make home-buying an attractive venture—and, even whispers of a rate hike can interest buyers to get out into the market. For instance, by the end of 2015, the U.S. saw 5.26 million home sales, which was the most robust housing market since 2006. This attributed the robust market, in part, to the mere “prospect of higher mortgage rates in coming months.” And, rise they did, throughout the following year. In fact, late in 2016, mortgage interest rates rose eight times in nine weeks. Sounds rather gloomy until one recognizes that, post-hike, rates were still at historic lows. Check out below to see what sold in Churchill Crossing in June 2025:
24516 Cavendish Ave E, Novi: 4 bedrooms, 3.1 bathrooms, 3,375 sq. feet, 3.5 car garage, Sold Price: $900,000
Churchill Crossing Home Sold
June 2025
The bottom line is that if you’re in the market for a home and interest rates decrease or remain attractively low, it’s time to get excited about the housing market. For more information on Churchill Crossing, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.