Expectations for Second Half of 2018
Further analysis of the market indicates mean reversion of seller price is trending towards the downside. This means sellers are likely to revise their existing prices further downwards and it is expected that lowered seller pricing will be required in order to clear the market inventory
Mortgage rates will continue to rise. The below chart show the 15-year and 30-year mortgage rates compared to the 10-year treasury yield which has been on the rise. It will take a few months to see the impact of these rates moves, but they will certainly be seen in transaction volume and sale prices in the upcoming months
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