Interest Down, Prices Up
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So interest rates have come down, but I’ve noticed that as they’ve done so, prices--especially on new homes and condos--have soared. So the banks still make money and so do the builders. But the owner of a condo in the upper $90,000s who wants to sell and buy another (especially retirees on fixed incomes) has little or no chance.
SAM BLUEFARB
Diamond Bar
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