October 3, 2024

Lower mortgage rates spark real estate frenzy

Mortgage rates have now fallen down to the lowest level in two years.

Could now be the right time to buy?

Real Estate Frenzy

Real Estate Frenzy - 2023 Housing Market

The statement “When home mortgage rates go down, real estate values always go up” is generally true, but it’s not a guaranteed rule.

Here’s a breakdown of why this correlation often holds:

  • Increased Affordability: Lower mortgage rates make homeownership more affordable for many people. This increased demand can drive up prices.
  • Increased Competition: With more potential buyers in the market, sellers may have more leverage to negotiate higher prices.

However, there are factors that can influence this relationship:

  • Economic Conditions: A weak economy, high unemployment, or other factors can limit demand, even with low mortgage rates.
  • Supply and Demand: If the supply of homes for sale is abundant, even increased demand might not lead to significant price increases.
  • Other Factors: Local market conditions, interest rate expectations, and government policies can also play a role.

It’s important to consult with a real estate professional or financial advisor for a more accurate assessment of the relationship between mortgage rates and real estate values in your specific market.

Real Estate Frenzy

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    Just like most major businesses, the easiest way, and the fastest way to expand your business and influence in your particular market is through strategic acquisition. Just look at Google, they are the number one search engine in the world! Google bought Youtube in November 2006 for US$1.65  billion! YouTube now operates as one of Google’s subsidiaries.

    www.brokerforyou.com is for sale and is offered with a very popular San Diego residential real estate channel with 1.16K subscribers and 114 videos!!

    What’s the approximately monthly cost to host a website?  With shared hosting, you’re hosting fee can break down to about 10 to $15 per month. To keep your url registered (that’s your site address), this is usually paid on a five to 10-year basis, which averages out to about just a dollar per month!  Naturally, if you add direct hook-up to a MLS database, that provides lead capturing, this costs can vary greatly from provider-to-provider.

  • Also available, much smaller aged websites (not just urls)  for Real Estate agents and brokers in California.  Yes, since I’m retired from Real Estate now I have a number of websites that are available that you can use for readings to your main site.  The following  real estate  area sites are available but subject to prior sale,  without notice:  San Diego, downtown San Diego, Del Mar, Encinitas, Orange County,  and Los Angeles. If you’d like to purchase any of these sites with all the content included, you can get them at a Bargain Basement price.  Please contact me if you’d like further details.
  • Interested, call Bob Schwartz (619) 286-5604 for additional information
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      DISCLAIMER:

      • Some of the links in this description and in our videos may be affiliate links, and pay a small commission if you use them, but never increase the basic cost. I really appreciate the support. The content in my Youtube videos SHALL NOT be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information. I am a not financial adviser. I only express my opinions based on my experiences. Your experience may be quite different. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. There is NO guarantee of gains or losses on any investments. My produced videos are for entertainment purposes ONLY.  DO NOT make buying or selling decisions based on these videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer, financial advisor, or the appropriate professional for the subject you would like help with.
      • Although no longer a licensed California real estate broker Bob’s 30 plus years of experience in the real estate industry with all the contacts that he has developed,  he is able to provide referrals to the top real estate Professionals in any state within the United States.  So, although you can’t get Bob to represent you personally, Bob can select a top real estate professional with years and years of experience to ensure that you get the best possible representation.

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