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Corona CA Housing Market Predictions for 2013
 
Corona CA Housing Market Predictions for 2013
 
I am not a fortune teller. But with all the available data provided by NAR and CAR, I am able to predict what is going to happen in 2013. So here it goes, 5 simple predictions for 2013.
 
1. As interest rates rise...so will your monthly payments. Purchase NOW in order to get lower payments on your mortgage payments. Check out below how much your monthly is increased by every .25 rate increase.
 
 

 
 
2. Mortgage rates are on the move upward. As the economy improves and unemployment decreases, the demand for credit will most likely increase, which in turn will increase mortgage rates. So why wait? Purchase now. The sooner you act, the more money you will save in the long run.
 
 

 
 
3. There is going to be an increase in the number of new household formations. More first time buyers will be in the market during 2013. As the economy improves, young adults will be leaving the comfort of their parent's and relative's homes to start growing their own roots. The fact that housing market trends indicate that home prices are inching upwards, only gives first time ... more

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