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Tag Archives: Housing Market Potential

Potential Homebuyers Feel Biggest Impact of Rising Rates

“The higher the mortgage rate, the more sellers will go on strike and the more potential buyers will feel the impact of reduced house-buying power, but price appreciation will further slow and potential buyers can use adjustable-rate mortgages to regain some of that lost house-buying power,” said Mark Fleming, First American’s Chief Economist.

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What is Keeping the Market Up?

Loosening credit standards and historic house price appreciation are just two of the trends driving the market during a time of year when it traditionally sinks.

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