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Will Lower Interest Rates Hurt Homebuilders? What It Means for Buyers & Sellers
7 months ago
8
Over the past few years, homebuilders and developers have thrived in the housing market, but the potential drop in interest rates could change that. With fewer homeowners wanting to sell due to low mortgage rates, new construction homes have been the go-to option. However, if interest rates drop to the 5% range, more homes may hit the market, creating competition for builders. This could mean price reductions and more choices for buyers, but what does it mean for sellers?
Want to discuss how this could affect your real estate decisions? Visit www.actualhuman.com for a live consultation with an expert!
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