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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Tuesday, March 20, 2018

More US markets are overheating, rates rising says Fitch

More housing markets south of the border are overheating, credit bureau Fitch has warned.

In a report issued Monday, it said that even as US fixed-rate mortgage rates rise to their highest rates since 2014, it is not likely to stem the rise of home prices.

"Home prices have historically moved more in line with unemployment and income growth than with movements in mortgage rates," said Managing Director Grant Bailey. With unemployment hovering at its lowest level since 2000 and GDP growth expected to remain strong through next year, these key indicators bode well for future home price growth nationally.”

Nevada, Oregon and Idaho lead the markets that Fitch says are overvalued (by 15%-19%) and it considers previously sustainable markets like Atlanta, Denver, Utah and Washington (5%-9% overvalued) as “a bit frothy.”

Dallas has seen the most significant overheating in the past year and is now 15-19% overvalued.

MBN

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