Admin
Richard (richie) Alan Naggar, agent & author (people first...then business Ran Right Realty )

Answers

Submit
Rainmaker
4,901,234
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

The reasons that motivate are numerous.

Jul 21, 2019 06:45 AM
Rainmaker
469,625
Dan & Laurie Pittsenbarger Team
Keller Williams Western Realty - Bellingham, WA
Lakeside & Coastal Single Family Homes

I like lower rates - it does help with my "on the fence" buyers. And it can help with those buyers that want a slightly higher priced home than what they were previously qualified for - and now they can swing it.

Jul 21, 2019 08:22 AM
Rainmaker
5,277,454
Richard Weeks
Dallas, TX
REALTOR®, Broker

Will help many buyers.

 

Jul 21, 2019 07:52 AM
Rainmaker
1,138,128
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Sure doesn't hurt. Buyers will and should be motivated!

Jul 21, 2019 07:37 AM
Rainmaker
2,240,779
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I agree with you Richie. 

Jul 21, 2019 06:54 AM
Ambassador
3,486,807
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Low rates do seem to spur on more sales. Inventory is an issue in my area. 

Jul 21, 2019 09:56 AM
Rainmaker
944,515
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It would be welcome, but may not happen given some strong numbers in the economy.

Jul 21, 2019 08:15 AM
Rainmaker
5,586,485
Barbara Todaro
Retired...Mentoring Newbies - Franklin, MA
Previously Affiliated with The Todaro Team

I think it brings many more buyers into that buying equation....

Jul 21, 2019 07:10 AM
Ambassador
2,448,822
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Can't argue with that!  Prices need to stabilize, though.

Jul 21, 2019 07:08 AM
Rainmaker
5,565,302
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

I agree... now we just have to find inventory to sell to those buyers!

Jul 21, 2019 06:47 AM
Rainmaker
797,381
Peter Testa
Kiwi Homes - Danbury, CT
PETER TESTA

I would have to agree Richie Alan Naggar it's a very good thing! 

Jul 21, 2019 06:30 AM
Rainmaker
1,684,847
Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, CFSP
Big Block LPT Realty 858.232.8722 - La Jolla, CA
Coastal San Diego, Veteran's & Retirees Services

Jul 21, 2019 09:35 AM
Rainmaker
1,774,268
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

The refi boom has been happening for many weeks now. An added drop will spur many more to take advantage of the benefit.

Jul 21, 2019 08:54 AM
Rainer
490,218
J.R. Schloemer
Kentucky Select Properties - Louisville, KY

I think some homeowners are going to need to put their homes on the market to get a flurry of purchases. I do not see that happening at his current time.

Jul 21, 2019 07:51 AM
Ambassador
6,941,557
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Is it a significant drop? or more little adjustments that will be ignored by most.

Jul 21, 2019 06:53 PM
Rainmaker
2,641,163
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Refi's make me happy Richie Alan Naggar as it puts money in my pocket as a Mobile Notary.

Jul 21, 2019 11:52 AM
Ambassador
3,746,937
Anna "Banana" Kruchten
Retired Broker/Owner - Phoenix, AZ
602-380-4886

Yes for sure interest will be spike up both for buyers and those that are thinking of re-fing!

Jul 21, 2019 11:20 AM
Rainmaker
1,886,168
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Yes I think it is a good thing also. 

Jul 21, 2019 11:16 AM
Rainmaker
5,774,279
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Richie,

I am sure it will move some.  A

Jul 21, 2019 09:04 AM
Rainmaker
1,565,890
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I'm hoping it will get buyers buying.

Jul 21, 2019 08:59 AM
Rainmaker
5,728,279
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Low interest rates do prompt many to get off the fence

Jul 21, 2019 07:50 AM
Rainmaker
1,316,370
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

I'm happy about it BUT they are artificially low 

Jul 21, 2019 08:57 PM
Rainer
3,640
Alex Middleton
HomeBetter LLC. - Alachua, FL
Indoor Air Specialists

Interest rated drop is a good news for the ones who plan to buy a new house recently. But on the other hand, it also would be a signal of the property price increase

Jul 21, 2019 08:32 PM
Rainmaker
1,370,606
Peter Mohylsky
Property Management International-Destin - Sandestin, FL
Call me at 850-517-7098

Honestly, I don’t think most buyers track th rate changes.

Jul 21, 2019 03:09 PM
Rainmaker
2,275,024
Michael J. Perry
Fathom Realty - Lancaster, PA
Lancaster, PA Relo Specialist

I can’t believe how low they are right now !

Jul 21, 2019 01:30 PM
Ambassador
5,273,454
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Good news for many and might move some off the fence. Time will tell, but the rates are great!

Jul 21, 2019 12:02 PM
Rainmaker
1,675,482
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC • Short Sale • Probate

How lower they can go?

Jul 21, 2019 11:50 PM
Ambassador
5,698,220
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I love your attitude, Richie and I agree with your sentiments, 100%!

Jul 21, 2019 09:00 PM
Rainmaker
565,651
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

Interest rates go up in a strong economy and down in a struggling economy.

Jul 22, 2019 06:16 AM
Rainmaker
6,189,158
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We have been slow around here, so hope it brings life back to our market.

Aug 06, 2019 08:53 AM
Rainmaker
255,447
Denise Copeland
NextGen Realty Services LLC - Jupiter, FL
Martin, St. Lucie and Palm Beach Home Sales

I've had one heck of a dry spell since January. My phone started ringing this week with a few potential buyers, so it might be working.

Jul 27, 2019 01:46 PM
Rainmaker
1,598,602
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Agreee 100%

Jul 24, 2019 08:20 PM
Rainmaker
1,546,919
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I think too many sellers think that prices are on the way down and are waiting on the sidelines for a clear and positive market signal.

Jul 22, 2019 06:51 PM
Rainer
449,753
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

kind of makes all those people who said they were going up look silly

Jul 22, 2019 02:59 PM
Rainmaker
811,089
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Interest Rates dropping is reason for alarm.  This is an indication that the economy is weak despite the rising stock market.

Jul 22, 2019 02:40 PM
Rainer
425,993
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Makes the phone ring, 

Jul 22, 2019 01:33 PM
Rainmaker
5,429,901
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

It is great but as for refi, I think everyone has already!

 

Jul 22, 2019 10:26 AM
Ambassador
3,369,978
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
Southern Utah's Preferred Real Estate Agent.

Yes Richie, more buyers will come forward and owners will be seeking to lower their interest rates!

Jul 22, 2019 06:25 AM
Back to Top
Ask a Question

Our real estate Q&A site is a place where real estate professionals can ask their peers questions so we can all learn and grow as a community.

Members of our community can ask, answer, like, and subscribe to questions. Visitors to our site can read the questions and answers that were marked as “public” by the author.

Recent Questions
View All Questions arrow_forward