Corcoran believes there will be a major swing in the real estate market as soon as interest rates drop. “The minute those interest rates come down, all hell’s going to break loose and the prices are going to go through the roof,” she said. “[Right now sellers are] staying p...
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When central banks raiseinterest rates, borrowing becomes more expensive for companies and consumers alike. Higher interest rates usually reduce corporate profits and consumer spending, which can drag down stock prices. In addition, rising rates make bonds and other fixed-income investments more attracti...
For home buyers, a big piece of the puzzle involves whatmortgage rateswill do in the future. Though this can be hard to predict, there are a few different clues we can use to form a judgment about the real estate market. For starters, changes to the federal funds rate can directly affe...
There are multiple examples of this principle at work. For example, investing in policies that create more living-wage jobs or increase the availability of affordable housing certainly benefits people in communities that have limited options. But, the action also empowers those people with opportuniti...
Now, it will take a lot of patience and discipline. Wearetalking about a big price tag here, and saving that kind of money doesn’t happen overnight. But if you’re willing to put in the work, youcanbecome a homeowner even when it feels like you can’t afford the housing market. ...
"The only way you will see it calm down is if you have more supply than demand," Kokologiannakis concludes. "If interest rates go really high, like they were in the '80s, at 7% or 10%, it can cut out a lot of buyers from buying homes. Fewer buyers means more homes on t...
Refinancing isn’t a cure-all for your housing cost woes. It can help some homeowners trim their expenses, but your financial circumstances and the rates being offered to you will play a huge role in whether or not you should try to refinance your mortgage. Follow Fortune Recommends on Fac...
If you see an announcement about a major company moving to the area, you can be sure that workers in search of a place to live will be interested in rentals. Bear in mind that the type of business involved may cause housing prices to go up or down. You can assume that if you don...
Downsizing your home in retirement can reduce your housing expenses, including mortgage payments, property taxes, insurance, and maintenance costs. Additionally, a smaller home often means less upkeep and maintenance, freeing up time and resources for other retirement pursuits. Downsizing can also unlock...