From FoxBusiness.com…
Century 21 President and CEO Michael Miedler argued on Monday that the real estate market is not “ready to taper right now” and will continue to move in a “fast direction” amid pent-up demand.
Miedler told “Mornings with Maria” that the market is still currently hot because “a lot of buyers are trying to rush in and beat any more increases in the mortgage rate.”
He made the comments on “Mornings with Maria” shortly before it was revealed that existing-home sales rose 0.8% in October from the month before to a seasonally adjusted annual rate of 6.34 million, marking two straight months of growth, according to the National Association of realtors.
