In general, the higher end of the market is holding up much better than the lower end. |
It's not a substantial increase. |
The small increase in mortgage rates in November may have prompted many prospective homebuyers to jump into market in order to take advantage of pre-approved mortgage rates. |
The strength of the housing market this year continues to surprise, despite rising home prices and slightly higher interest rates. |
We expect that 2005 was the high-water mark. Interest rate levels are the key factor. |