RE Market Update 12/19

The big real estate news coming out of last week was the Fed’s decision to raise the short term interest rate .25%. Interest rates rose sharply. The current whispers in the real estate world is how an increase in mortgage rates will effect home affordability – some estimates say that a rise of just 0.5% will prevent over 100,000 potential consumers from making a purchase. Stay tuned…

napa-solano-update-1219

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