The market can be very confusing. There’s a lot going on and sometimes it doesn’t make sense.
Luckily, that’s why you have our team of agents! We spend tons of time studying the market so we can help our clients make the best decisions possible.
But it’s helpful to know about the factors that influence the housing market when you’re looking to buy or sell.
Like most markets, the housing market is heavily influenced by supply and demand. Right now, the market is a seller’s market, which means there’s a lot of demand and little supply.
We’ve also had low-interest rates, which makes people want to buy homes so they can lock those low rates in.
Interest rates are really determined by the overall health of the economy. When the economy is doing well, interest rates go up because people can afford it. But when we’re in a rough patch, interest rates will decrease to encourage people to make larger purchases. Same goes for unemployment.
Are you interested in buying a home? Look no further than working with One Residential.
Interest rates are really determined by the overall health of the economy. When the economy is doing well, interest rates go up because people can afford it. But when we’re in a rough patch, interest rates will decrease to encourage people to make larger purchases. Same goes for unemployment.
Are you interested in buying a home? Look no further than working with One Residential.
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