Published June 17, 2022
Increased Rates - What Does that mean for the Real Estate Market? ????
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As I am sure you have heard the Federal Reserve has raised the fed funds rate by .75%. This is the biggest rate hike since 1994. In anticipation, Mortgage Rates had already increased their rates up to close to 6%
Buyers - what does this mean for you? Some buyers have been temporarily forced to put a"hold" on home shopping with hopes to pick up their search down the line.
Sellers - there are still not enough homes on the market to meet buyer demand and forecasters don't expect prices to come down anytime soon.
Good news for Buyers and Sellers - you can still buy and sell in this market!
Our team has the experience and knowledge to help you buy and sell during this time. Give us a call at 508-641-5814 or email suemarshall@kw.com and we will make sure you have all the information you need to make.
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