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Reply to "Montgomery County Market for 2015"
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[quote=REALTOR4U]Our crystal ball is murky. I expect the current trends to continue where affordable, closer-in properties continue to well and areas a bit further out will lag. Inventory levels are generally low and if that trend continues into the Spring market, prices may rise a few percent. As for interest rates affecting the market, I expect little to no effect. Interest rates remain historically low and a 4-4.5%, even 5% will be fine. We have been spoiled with low rates. The bigger problem will be years down the road where homeowners may be reluctant to sell and move-up because the 3.5% rate on their current home may be replaced with a 6%+ mortgage.[/quote]
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