5 Housing Questions You Might Be Asking Right Now

If you’ve found yourself doom-scrolling Zillow or wondering whether to sell, stay, or buy a second property, you’re not alone. For many in their 40s, 50s, and early 60s, housing has become one of the most complex parts of their financial plan—especially with today’s high interest rates and tight inventory.

Here are five questions we’re hearing most from clients right now—and a few things to consider before making your next move.

1. “Should I downsize or wait it out?”
With mortgage rates still hovering above 6%, many homeowners are hesitant to give up their low fixed-rate loans. But if you're feeling stretched by space you don’t need—or maintenance you don’t want—it could still be worth exploring. Downsizing can unlock equity, reduce monthly expenses, and simplify your lifestyle, even if rates are higher for a while.

2. “Is now a smart time to buy a second home?”
It depends on how you plan to use it. Vacation properties come with additional costs, from insurance to upkeep. But for those with long-term intentions—like future retirement housing or part-time rental income—a second home can still be a meaningful part of your strategy, even in a high-rate environment.

3. “Should I pay off my mortgage early—or invest the difference?”
This classic debate has new urgency as rates rise. The “right” answer depends on your risk tolerance, tax picture, and whether your current mortgage is fixed and low. In many cases, a hybrid approach—paying down some principal while investing the rest—can create both flexibility and growth potential.

4. “Is real estate still a good investment?”
Despite price fluctuations, real estate remains a core asset class. But it's no longer a guaranteed win. That’s why we're helping clients stress-test property decisions against inflation, liquidity needs, and future income goals.

5. “How do I make sense of all this?”
You're juggling multiple priorities—college planning, aging parents, career transitions—and real estate decisions don’t happen in a vacuum. That's where financial planning comes in.

Let’s run the numbers together. Whether you’re thinking about a move, managing real estate assets, or just need clarity, we’re here to help make the decision easier—and smarter. Let's open up a conversation now.

Ameriprise Financial, Inc. and its affiliates do not offer tax or legal advice. Consumers should consult with their tax advisor or attorney regarding their specific situation.