Predictions: "Nationally, we should see one of the strongest real estate markets in years. Unit sales will increase by 3 to 5 percent. Prices will continue to see greater than 5 percent.
The 0.25 per cent increase in the Bank of Canada’s key interest rate, announced on Wednesday, is unlikely to slow gains in Montreal’s real-estate market, according to Paul Cardinal, the manager of.
Just in case you missed it mortgage rates have really been rising since mid-September when the 30 year fixed rate bounced off of a short term low of 3.78% and has recently hit 4.43%. For historical.
reaching 4.6 percent last month for a 30-year-fixed rate loan, according to Freddie Mac, adding to monthly costs. Although the market still favors sellers, economists also see signs it has begun to.
Nationally, Kramer said, real estate remains a desirable option if the. The market has cooled from last year, he said, and.
The quarterly survey, sponsored by Zillow and conducted by Pulsenomics LLC, asked more than 100 real estate economists and experts for their predictions about the U.S. housing market, including when they expect the market to favor homebuyers over sellers.