October 2018

Found 1 blog entry for October 2018.

There has been a significant change in the housing market. Anyone that has paid even the slightest attention to real estate in the past 18 months or so is well aware that we are in what is called a "buyers market". Simply put, this means that there are more sellers than buyers and the resulting imbalance has put pressure on the sellers to lower their prices. This has been a great time to be a home buyer, lots of homes for sale, prices have come down and the interest rates have remained low... for now.

Here is where it is going to get tricky. Interest rates are on the rise and by all indications this is a trend that is likely to continue. In fact I had a conversation with a very well connected and long time Mortgage Broker about that. She was telling me

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