Why Lower Interest Rates Hurt First Time Homebuyers | Ep. 130

⛔️ Waiting for Interest Rates to fall??? ⛔️Have you caught yourself or the ones you know saying “I’m going to hold tight until rates come down before purchasing a home?”YOU’RE NOT ALONE!!!Here in Episode 130, Your Two Favorite Realtors on the Internet break down the relationship between the greater economy and interest rates and question whether you’re in a better or worse economic position if Mortgage Interest Rates are to fall. This might sound like a ridiculous proposition!The cost of living, home prices alone, have caused most home buyers to continue renting or keep from selling their current home… this is what we call “Shadow Demand!”Every renter needs to listen up!!! This “shadow demand” is ready and eager to POUNCE once interest rates fall in a meaningful way and that won’t feel great for those that can’t compete against the mob. Home prices will rise and Buyer may have even less cash to compete with when that time comes. For those that missed it…. we’ve seen this before!Don’t miss a single week as Sandy and Bryant continue to equip you with what you need to make sound real estate Buying and Selling decisions! Share with your friends and as always, let us know how we can serve you further here in the Triangle market!