It's Q and A time! For most homeowners, low-interest rates were previously allowing homes to appreciate in value very quickly. With higher interest rates, however, higher rates have slowed that growth so that home values are about the same as they were 12 months ago. For most area homeowners, the higher interest rates have slowed or stopped our rapid appreciation rates of 10% to 15% we were accustomed to. Now home values are about the same as they were 12 months ago.
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