FED INCREASES INTEREST RATES
US interest rates increase from 1% to 1.25%. Although interest rates continue to be lower than inflation (effectively making borrowing free) a rate hike along with the recent spike in supply, growing evidence of continued supply growth due to the Air B&B announcement and banks tightening lending policies resulting in appraisal values coming in lower than sale prices lead me to believe that prices will drop further before they recover. I predict a growth in active listings in June/July and a clawback of the market appreciation witnessed in the first quarter of 2017. Feel free to call me anytime to discuss your options and how to make your next move as profitable as possible. Time is of the essence.