Thursday, May 18, 2006

Interest rate fears

I hate trying to be a real estate analyst but if you are planning to sell this year this is probably your best time. The markets around the country are hot right now and it looks like interest rates are on their way up for the rest of the year.

Actually to be really clear about it interest rates are incredible low and if your are thinking of making a move up be aware that rates could go up 3 percent over the next couple of years on fewer of the American dollar not being able to compete with international currencies as well as war and oil issues both domestically and abroad.

is there a real estate bubble. you bet, the trouble is people have been saying at least for a couple of years that the bubble is about to burst and as we all know no one has got it right yet.

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