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“In fact, the change in the monthly mortgage obligation is approximately for a median-priced home.The lower end of the market can absorb that increase. Unemployment in November fell to 4.6 percent, its lowest level in more than a decade.
In Greater Seattle, home costs have increased 59 percent since bottoming out in 2012, and are up 7 percent compared with the old high in 2007, before the housing bubble popped.
However, sellers are going to need to bear some of the cost of capital increase at the top of the market.” Another support for the housing sector is the U. Wage growth, which has been stagnant for years, has also ticked up this year.
“The employment picture has brightened considerably,” Bob Walters, chief economist with Quicken Loans, said.
She has been telling friends she is excited by the new romance.
It’s still early days but it is already clear they really like each other.“Richard immediately felt a connection and thinks this could go somewhere.
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But the surge in home prices is starting to slow, at least slightly compared with the pace seen in spring and summer, when home sales are at their swiftest. So is the Federal Reserve’s expected move to boost borrowing costs likely to dent the housing market? Experts predict that housing prices will continue to rise in many markets around the country next year even as mortgage rates drift up.