What Will An Increase in Int. Rates Mean for Bay Area Real Estate?

Doug Duncan, chief economist of Fannie Mae states “A far bigger restraint on home sales is a limited supply that should push up prices by nearly 5% both this year and in 2016. As a result, he expects home sales to increase 4% in 2016, down from 8% this year, with higher rates holding back 1% to 2% of deals.”

I believe this increase in interest rates won’t make much of a difference, if at all, in our Bay Area market where housing is limited and buyer’s continue to want a place to call home.

For the complete article, check out this link:

http://www.usatoday.com/story/money/2015/12/14/fed-rate-hike-impact/77300960/

For a more local view, check out this Mercury News article:

http://www.mercurynews.com/business/ci_29262304/fed-raises-interest-rates-first-time-nearly-decade

 

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About Suzanne O'Brien

The role of a real estate agent is to guide you through the buying and/or selling process and take the time to make sure you understand every step of the transaction. I am absolutely committed to fulfilling your needs with the highest level of professionalism, expertise and service. My commitment to listening and satisfying your needs are the foundation from which a solid business relationship is built. I realize that people do business with people they trust. I am interested in what is best for you, the client, and am committed to establishing a long-term relationship based on trust. In addition, real estate is often times very personal, about family and home and pride myself in developing relationships that now call clients my friends. I pride myself on being knowledgeable and staying current with the fast pace changes in the industry. I approach each clients’ needs individually and am constantly aware of current and upcoming inventory. My creative approach to the business has earned me wonderful associations with both clients and other real estate professionals. I am always working for you…I feel the responsibility to make your dreams a reality…one move at a time.
This entry was posted in Bay Area, california real estate, Finance, Interest Rates, Real Estate, Uncategorized and tagged , , , . Bookmark the permalink.

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