Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about home prices one more time. The question they ask today is based on today’s article: “What will happen to home prices as interest rates are cut.” Three things can happen: prices continue to grow, they go down or they stay the same. Some of the factors that will influence home prices is obviously rates and demand, when rates come down demand will continue to rise. Limited inventory drives the price up. Prices could go down if there is a severe economic downturn, but this is unlikely. We believe prices will go up. Right now where rates are, it’s a buyers market, but if rates go down, it can easily turn into a sellers market. Take advantage of the flexibility and power that comes with a buyer’s market while it lasts! Listen in as we discuss this and more!

Listen in to learn about this and more!

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