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| What I am hearing from residential real estate agents is that there is still strong demand and many buyers were on hold when interest rates doubled. Now they are coming to terms with the idea that interest rates aren’t going back to where they were anytime soon. Thus, if the want a house they just have to make the payments. If interest rates go down they can refinance.
As always, it is location dependent. | |
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Land and Home Prices Ahead?
