Thursday, September 19, 2024 / by Richard Eimers
NAVIGATING THE SHIFTING TIDES OF THE REAL ESTATE MARKET: TIMING, INTEREST RATES, AND MORTGAGE AVAILABILITY
As a seasoned real estate professional, I've witnessed numerous market cycles, each with its unique challenges and opportunities. Today, I want to share some insights about our current market conditions, focusing on the delicate balance between interest rates, buyer demand, and mortgage availability. Understanding these factors is crucial for anyone considering buying or selling property in the near future.Richard Eimers Broker Owner September19, 2024
The Interest Rate RollercoasterFor the past two years, we've seen many potential buyers and sellers sitting on the sidelines, waiting for interest rates to become more favorable. This wait-and-see approach is understandable, given the significant impact interest rates have on affordability and monthly payments. However, as we've learned time and time again, timing the market perfectly is nearly impossible.
Recently, we've seen a downward trend in interest rates, which is typically good news for the real estate market. Lower rates genera. ...
The Interest Rate RollercoasterFor the past two years, we've seen many potential buyers and sellers sitting on the sidelines, waiting for interest rates to become more favorable. This wait-and-see approach is understandable, given the significant impact interest rates have on affordability and monthly payments. However, as we've learned time and time again, timing the market perfectly is nearly impossible.
Recently, we've seen a downward trend in interest rates, which is typically good news for the real estate market. Lower rates genera. ...
