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Jul 15, 2024
3:17
:19
pm
TheNerd
Walk-on
I think lower rates and the resulting increase in competition will cause house
prices to go up, not down.
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TheNerd
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TheNerd
Joined
Apr 25, 2024
Last login
Oct 17, 2024
Total posts
527 (0 FO)
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Messages
Author
Time
Are there still people here expecting home prices to drop to 2019 levels?
machete
Jul 15, 2:34pm
I dont think anyone ever expected them to drop that far.
rad dawg
Jul 15, 2:40pm
There were definitely people here who believed that
machete
Jul 15, 2:50pm
I'd take either home prices or interest rates dropping at this point
Still Blue
Jul 15, 2:48pm
If you drop interest rates homes prices will come down because of increased competition
2FarGone
Jul 15, 3:05pm
I think lower rates and the resulting increase in competition will cause house
TheNerd
Jul 15, 3:17pm
Increasing competition normally reduces pricing
2FarGone
Jul 15, 3:19pm
Lowering interest rates increases demand (buyers) thereby increasing prices.
sah22
Jul 15, 3:55pm
That's what I'm thinking. Lots of people are wanting to buy but can't afford it
TheNerd
Jul 15, 4:07pm
Historically rate cuts are followed by falling home prices.
rad dawg
Jul 15, 3:42pm
If the fed believed that they would have dropped rates already. I agree lower
DC12
Jul 15, 3:37pm
Hard to say in the short run
Still Blue
Jul 15, 3:44pm
Can we make a compromise and just drop interest rates to 2019 levels instead?
2FarGone
Jul 15, 2:50pm
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