Although a national debt default is unlikely, new scenario projections from Zillow reveal home sales would decrease sharply. While home values would not lose much ground, a surge in mortgage rates would do further damage to nationwide housing affordability.
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Good News for Sellers as Home Prices Rise
With home prices projected to increase 4.2 percent by November 2018, its a seller’s market. However, first time homebuyers can expect limited for-sale inventory for lower-priced homes.
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