Friday, August 2, 2013

Rising Rates Getting Sellers Nervous

Rising Rates Getting Sellers Nervous
Survey: Home sellers are becoming increasingly worried about rising interest rates and their impact on home-buying demand,  nearly 1,500 home owners across the country. 
Forty-seven percent of survey respondents said they are concerned that rising rates could lower demand before they get their homes on the market. That's more than double the percentage from the previous quarter.
'Of course home sellers are worried about interest rates, but the reality is that many buyers believe that rates will continue to go up,' 

Must read: City Moving Forward Eminent Domain for Troubled Mortgages

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