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971: BiggerNews: Mid-Year Housing Market Update + Mortgage Rate Forecast w/Redfin Chief Economist Daryl Fairweather
BiggerPockets Real Estate Podcast
Impact of lower interest rates on housing market
Lowering interest rates may not significantly motivate sellers but could boost buyer motivation leading to increased demand, competition, and price growth in the housing market. The decrease in rates could make homes more affordable, driving more people to buy homes, potentially increasing supply. However, the rise in demand is projected to surpass the increase in supply, resulting in upward pressure on pricing. Sellers sensitive to interest rates are also likely to be buyers, further contributing to demand and maintaining a disproportionate balance favoring demand over supply.
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