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What's Going on with the market? also Halloween Events in 2018
Family, Friends & Clients, 
This past year has brought many significant changes to our local real estate market. Interest rates have risen by nearly 1% as the Dow Jones Industrial Average has risen by as much as 3,800 points. Unemployment has dropped to as low as 3.7% and home prices in many areas are up as much as 10%.
Our local real estate market has taken a breather due to the rising interest rates and uncertainty with a potential trade war. The Stock Market has been turbulent and home affordability has continued to drop.
You might think that this indicates the bursting of a bubble. I don’t believe there is a bubble at all. Home prices are in line with the long-term average growth. There are more people ready and able to buy than there have been in many years. People have more money than they have had in a generation. We are only feeling the affects of a pause in demand. People will begin to buy once there is a sign that they will miss out. This traditionally off season might surprise many and be one of the hottest buying holiday and winter seasons in quite a few years.
 
 
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