As consumers patiently wait for mortgage rates to settle, the Century 21 Real Estate CEO is flagging consumers about “positive signs” that are emerging from the real estate market.
“On the housing front, I think there are a couple of good, positive signs that are building momentum,” Mike Miedler began.
“This decade-long run up in price appreciation, which we’ve seen certainly double-digit price appreciation over the last four years, is starting to settle in a little bit. I think we’ll end the year anywhere from flat to 2% or 3% increase year-over-year,” the CEO explained.
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Miedler continued to break down some additional “good news” for the real estate market and its impact on investors’ economic outlook.
“The mortgage rates, even though they have come down just a little bit, they are creating more demand,” he said, Tuesday.
Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, …