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December 2018 Real Estate Market Report

2018 was a year of quite a few changes in the real estate market. Interest rates rose throughout the year and are currently 4.62% as compared to 3.94% this time last year. This is better than the 5% or more predicted at the beginning of the year. This and some other factors led to fewer resale homes on the market. New home builders attempted to keep up with demand, however some had little or no inventory homes for the majority of the year.