This week’s theme on the Retirement Quick Tips Podcast is: How Pre-Retiree Homeowners Can Benefit From Higher Interest Rates.

Today, I’m talking about what I think is the biggest opportunity that exists with the current housing and mortgage market - the opportunity to downsize.

• Sell and pay cash with equity and savings, or significantly reduce mortgage - cash is king

• Moving to a more desirable location - Buyers also will have the upper hand in a handful of cities where prices are set to fall or are already on the decline. That includes high-growth cities like Austin, Phoenix, Las Vegas, and even Boise, Idaho, as well as coastal California and the Pacific Northwest, where prices could fall by 10% or more - https://www.investopedia.com/us-housing-faces-ugly-transition-in-2023-7111840 

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.    

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance