Happy Monday all! You’ve likely seen a lot in the Press regarding declining interest rates and what that means for Equity Markets. But what does it mean for “Main Street”? 🤔
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According to notable housing Analyst, Ivy Zelman, home buyers are taking advantage of falling rates 📉 While equity markets certainly impact luxury buyers, there is a divergence between Wall Street and Main Street - Home Buyers are not as laser focused on headlines
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Did You Know❓ For every quarter-point decline in mortgage rates, this is equivalent to a 3% drop in home price, thus housing prices for consumers are down about 10% making it more affordable. 🏠
8/19/2019, 2:57:51 PM