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Will Rising Interest Rates Affect Sedona Home Prices?

Posted By Wally Reule @ Mar 11th 2017 6:31pm In: Events

Interest Rate have been going up since late last year, and will probably go up a little more as we work our way through 2017. According to a study done by MarketWatch, economists expect average interest rate of 4.5% this year. But what will that do to housing prices? Probably not much. Goldman Sachs economists predict that these higher rates could cause a 2-3% drop in home prices nationally. But in Sedona, this will probably be offset by the fact that demand is high and supply is low. Additionally, many home buyers in Sedona pay cash. Either way, it's not likely to have much of an impact. We expect slow, steady growth in home prices in spite of rising interest rates.

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