November 2018 real estate market highlights
What kept us up at night in November?
November and December often equates to a drastic slow-down in residential real estate, as people's focus shift from buying homes to buying gifts and plane tickets to visit family and friends. This year was different. The Federal Reserve raised interest rates one more time in 2018. While interest rate increases don't necessarily translate into mortgage rate increases, they can.
While recent stock market activity have generated some heart-pounding drops, and - to a far lesser extent - rallying rises, that volatility has not translated into the same tidal waves within residential real estate. Increasing home prices and mortgage rates have rather created a sense of…