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How will interest rates effect Ocala home sales?
Think about it, as the expression goes. Interest rates are a historical lows. Oil prices dominate the evening news every night. Our economy revolves around oil and ever increasing oil prices are a cause of inflation. How does the goverment control inflation? Inflation is regulated by increasing interest rates.
Consider this, if you're waiting for home prices to fall. What if interest rates go up? A rise in interest rates could easily wipe out any saving that you might get by trying to "time the market".
We are near the bottom of the market right now. If you plan to live in your house for at least 3 to 5 years you really can't go wrong. Ant shorter a time and you shouldn't be buying in the first place.
And that's what I think
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