Rich Toscano’s latest housing data rodeo:
http://piggington.com/november_2016_housing_data
Considering the higher pricing, this year has been spectacular, statistically.
Thanks Rich!
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass
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Encinitas, CA 92024 - (858) 997-3801 call or text
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CA DRE #01527365, CA DRE #00873197
Give it some time, rates haven’t even been up for a month yet. Most people closing on houses now still got the old low rates 45 days ago. Give it a few months. I don’t think rates will stay up. As soon as we get some bad economic news they will come back down again just like they did in 2013, 2014 and 2015 when they tried to go up but came tumbling down again. I don’t think the expensive coastal markets of the U.S. can handle higher rates. Much of the appreciation since 2012 is due to 8 yrs of zero interest rates from Fed vs. real fundamentals of rising incomes.