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Old 05-17-2004, 11:08 AM   #23
lumberjim
I can hear my ears
 
Join Date: Oct 2003
Posts: 25,571
vsp, take a look into coatesville.



as far as housing inflation goes, that is usually tied to interest rates. people are payment buyers. if your mortgage of 150000 yeilds a 997.95 payment for 30 yrs at 7% and 186,000 at 5% is 998.49/mo, you can get a better house for the same money.

watch the 10 yr note as that directly impacts mortgage rates.

it is starting to rise, so housing prices should begin to correct soon. if you plan to be in your house long term, it is somewhat irrelevant, but you could be upside down if you try to move early and rates have, in fact, gone back up.
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