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Hmmm, interesting...
My first thought was that we are in a small bubble. Rates have gone up a full point since Trump got into office, that has softened the housing market and as interest rates increase (as predicted) throughout the year I believe IMHO that home values will soften.
Tension in the US and worldwide as well as imminent threat of war will definitely impact the housing market. It is a very turbulent time to say the least. My gut tells me to wait on making my next purchase. If rates continue to increase you will see prices fall.
At the advice of my CPA, it is better to purchase at a lower value and higher rate since you will be paying on a lower principal balance. If and when the rates drop again you will be in a better position to refinance since your loan to value will be lower.
Just my 2 cents for whatever its worth
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