Good news in the housing market continued through November, prompting the Federal Reserve to announce it will begin tapering bond purchases beginning in January. According to Lawrence Yun, chief economist for the National Association of Realtors, that could mean higher mortgage rates in the new year, a fact that shouldn’t come as much of a surprise.
That said, the early part of 2014 may be the best time for both home buyers and sellers who are ready to make a move.
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Data courtesy of Northeast Florida Association of Realtors.