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With less than one week until the elections, mortgage interest rates have climbed back over 7%, causing buyers to hesitate in this very uncertain market. By next week, once a candidate is chosen, we should see an instant reaction, and by December, we’ll likely have a clearer picture of what next year may actually look like.
Right now, Realtors I know—and myself included—are seeing a vastly different market than we did this summer, especially compared to the period before the Fed announced their rate hikes. I'm looking forward to seeing how the market unfolds next week, and I'll be sure to share those insights with you here.
Have a Happy Halloween !
If you have any questions about the market in your area, feel free to reply to this email.
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