Mortgage Rates Impact on 2017 Home Values
There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.
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According to a recent 
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.
Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the ![Existing Home Sales Reach Highest Mark Since 2007 [INFOGRAPHIC] 2.24 EHS Report STM](https://i0.wp.com/seejerseyshorehomes.com/wp-content/uploads/2017/02/2.24-EHS-Report-STM.jpg?fit=791%2C1024&ssl=1)

The National Association of Realtors recently released a study titled 
According to a 
According to the ![Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC] Rent Vs. Buy STM](https://i0.wp.com/seejerseyshorehomes.com/wp-content/uploads/2017/02/Rent-vs.-Buy-STM.jpg?fit=791%2C1024&ssl=1)

The National Association of Realtors recently released a study titled