Hello Everyone,
Economist are predicting that homeowners who landed mortgages in recent years with rates under 4 percent will be reluctant to sell their homes in the coming years, because they would have to forfeit the low rates on their existing mortgages. It has been projected that an increase in interest rates to 5 percent will cause a 5 percent decline in existing home sales from current levels. In addition, a rise to interest rates of 6 percent could cause a 15 percent decline in sales. That being said, inventory of homes right now in Vallejo Ca in 140 active listings which is above last years numbers by 35% aprx.
For more information on Vallejo Real Estate and if your thinking of buying or selling "Call Today" 707-315-5555 Tim Garton Vallejo REMAX WWW.PROPERTYINVALLEJO.COM
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