Housing Market Unfazed, for Now ; but Rate Hike Could Start Slide, Some Say
The Record, Bergen County, NJ › July 02, 2004
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Summary
What do rising interest rates mean for the residential real estate market?
In the short run, they may actually give the market another lift as buyers react to a wake-up call that rates won't sit at record lows forever, say some brokers and agents. On the other hand, some already see the beginning of a decline.See the full content of this document
Extract
Housing Market Unfazed, for Now ; but Rate Hike Could Start Slide, Some Say
Denyse Valencia, an agent with Century 21 A All Stars 100 in Teaneck, moved with alacrity to reduce the price of a $360,000, 3- bedroom, 2-bath home in Teaneck on Monday, even before the...
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