0.25% Interest Rate Drop Impact on Housing Market

The speculation that interest rates will be lowered by 0.25% may not help in the stabilization of surging home prices. In fact, home prices may go up even more, it’s not enough to get homeowners out of the lock in effect and it will most likely result in more homebuyer demand. With a lack of inventory supply and increase in homebuyer demand, home prices will go up. #realestate #realsophyrealestate #njrealestate #realsophy #homebuyers #housingmarket #inflation #mortgage