Quote:
Originally Posted by mvbird
If the Federal Reserve finally lowers (and continues to lower) interest rates in September, I think house prices may increase. If buyer's monthly financing costs are lower they qualify to buy at a higher price.
Another part of my argument is that money market rates will continue to sink, causing some to want to invest in real estate instead, hoping or renting, for a better return.
The other side of this argument is Villages house prices will remain the same because many buy Villages homes with cash, no financing, and they won't care.
Discussion ?
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The fed should not be lowering rates with the inflation we are experiencing. I don’t care what inflation numbers are being officially reported, inflation is real and badly needs to come under control. Also, the Fed needs to act as an independent agency and not bow to outside influences, lowering rates now would be a very bad look.