2024

If you’re a homeowner in Oro Valley, Arizona, understanding how interest rates impact real estate can help you maximize your purchasing power. As rates rise, your buying power can decrease, meaning you might need to look for more affordable homes to maintain the same monthly payment. While this has led to a drop in median home prices in many areas, Oro Valley stands out with a steady median price of $650,000. Timing your home purchase around interest rate changes is crucial because as rates drop, more buyers enter the market, potentially driving up prices. A strong credit score can open doors to better loan options, helping you pay off your home sooner. Real estate remains a powerful way to build equity.