Housing Market 2.0: How Lower Interest Rates Will Change The Market

"And if mortgage rates are to fall to 4.5% in the coming months and years, then that same mortgage would fall to $2,533 a month, more than $1,100 a month cheaper than where we were in the beginning part of 2024."

"And so if mortgage rates continue to go down, it could encourage some more homeowners to say, 'Okay, I can consider selling my home now because the jump in mortgage rates isn't as bad as it was.'"

"If you see more bidding wars on homes, that means home prices might go up even more."

"And now we in a cycle where it seems the Federal Reserve Bank is going to continue cutting interest rates for it looks like the next two years."

"But you want to pay attention to what happens in November with the election because that could definitely change the housing market..."