No. of Recommendations: 1
Lower rates will help by bolstering demand, especially for interest-sensitive purchases such as houses.
Don't know that "lower" rates have impacted our market, but our local housing market definitely is seeing an upward trend. Sellers for the most part have held their ground and buyers seem to have capitulated, or simply home from Summer vacation. Even with the new construction, inventory is constrained in our area.
IP,
holding her breath until inspections are over this week, more because it gives buyer ability to back out for insignificant reasons than because we are concerned about something being wrong