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| In which direction will the market go? |
Aneta Markowska, Chief US Economist for societe Generale made an interesting point about rising mortgage rates and the US housing market. Despite rising interest rates, Markowska believes US home prices will continue to rise, not fall.
Markowska's research shows American expectation is for annulized home prices to increase 5.0%. With current 30-year fixed mortgages at 4.44%, homebuyers will feel like they are up 0.56%. The relatively low interest rate compared with the anticipated appreciation of the home shows a profit, according to Markowska.
Markowska believes this will continue to spur home buying despite a rise in mortgage rates. Markowska stated, "If you're in you 20s or 30s thinking about starting a family, you're not going to be renting forever. And, I think if you expect prices to rise, you're going to be enticed to actually come in and pull the trigger."
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
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