Archive for January, 2014

Are mortgage rates dampening home sales?

In According to NAR’s most recent housing report, the answer is a firm “NO”.  In fact, home sales in 2013 rose to the strongest level in 7 years.  This taken directly from NAR’s RealtorMag:

“Existing-home sales have risen nearly 20 percent since 2011, with job growth, record low mortgage interest rates, and a large pent-up demand driving the market,” says Lawrence Yun, NAR’s chief economist. “We lost some momentum toward the end of 2013 from disappointing job growth and ...

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