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Housing Recovery Unmoved by Rising Interest Rates

Mortgage rates may be
rising, but the housing market doesn’t seem to mind. In fact, several
indicators have improved alongside rising rates, according to the HousingPulse
Tracking Survey released this week. The lending atmosphere is becoming
friendlier, especially to first-time buyers. Simultaneously, the average time
on market for non-distressed properties and the average sales-to-list price
ratio both improved year-over-year in December. Full Story

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