Real Estate: How Changes in Rates Affect Buyers' Purchasing Power
By Christopher Shearer MBA DRE #02062657, Experience You Can Trust. Results You Can Count On
(Christopher Shearer Real Estate)
The Impact of Interest Rates on Real Estate: How Changes in Rates Affect the Housing Market and Buyers' Purchasing PowerInterest rates are one of the most influential factors in the real estate market, shaping the decisions of both buyers and sellers. Whether you're a first-time homebuyer or a seasoned investor, understanding how interest rates affect the housing market is essential. Let's explore how these rates can influence everything from home prices to your ability to purchase a property.What Are Interest Rates?Interest rates refer to the cost of borrowing money. When you take out a mortgage to buy a home, the interest rate determines how much you'll pay in addition to the principal loan amount. The rate is typically set by financial institutions based on broader economic factors, ...
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