Predictions
It's that time of year when EVERYONE starts looking at their own Crystal Vall to determine what the New Year has in store. Here's what the Minneapolis Area Association of Realtors predicts as well as what I think is going to happen. We'l see in the end who is right!
Median sale prices are expected to rise 1 to 2 percent during 2007.
Mortgage interest rates should top out at 6.7 percent for a 30-year, fixed-rate mortgage by the fourth quarter of 2007.
Median sale prices will rise 4% percent during 2007.
Mortgage interest rates should top out at 7.1 percent for a 30-year, fixed-rate mortgage by the fourth quarter of 2007.
What do you think? If you are considering buying or selling...give me a call! I'd love to hear from you!
23 comments:
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