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What is in store for residential real estate in Glendale CA?
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WHAT WILL 2014 BRINGWell, where have we been?
SO THAT MEANS, IN 2014…
2104, the year of growth
HOW WILL WE GROW?
PRICES HAVE RISEN JUST ENOUGH
Move Up and Move Down buyers can now afford to sell and move
THE MILLENNIALS ARE BUYING
An estimated 1.5 MILLION will form new households over the next three years. Some will rent, but….
MANY WILL JUST BUYBecause, these kids are smart and they know….
BUY NOW OR WAIT?
GOVERNMENT WILL STOP BUYING BONDSTherefore interest rates will go up
INTEREST RATES GO UP, PRICES COME DOWN,
RIGHT?Wrong
HISTORY SHOWS US A DIFFERENT PATTERN
4 different times when interest rates went up, significantly, prices also went up
