Sunday, May 02, 2004

Interest rates rising?

Interest rate jitters seem to be causing one of two effects - either the buyers are rushing to buy before the interest rates go up, or buyers are waiting thinking that interest rates are going up which will slow down the housing market and they can get a better buy on real estate.

Which theory is right? No one knows.

The real estate activity in our area is very strong. Multiple offers and homes selling for more than the asking price. Sometimes, for more than comparable sold properties. It certainly is an interesting real estate market in our area!

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