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Randy: Home appreciation may be slowing but, are we in a bubble?
Brad: On a national basis, out of 105 economists, 99% predict that we’ll continue to see appreciation throughout 2019
Randy: Some of you may say, “Weren’t those the experts that missed the 2008 bubble?” Nobel Prize winner and co-founder of the Case-Shiller index, Robert Shiller was one of the few who actually predicted the 2008 bubble. When predicting this current market, he says, “You can call it a bubble…but it’s not the same. It’s more placid. I don’t expect a sharp turn in the market at this point.”
Brad: So, there’s absolutely no reason to panic, for you buyers out there, now is actually the perfect time to buy! According to the Freddie Mac 30-year fixed rate chart, interest rates are predicted to rise substantially over the next year.
Randy: So that means, for a $250,000 house that could be as much as a $65/mo. increase for each half point.
Brad: To view the full report, click the link below, and as always, have a great home buying and selling day!