Fall has officially fallen, which means that there is a lot of change in the crisp, autumn air, including for the American real estate market. There are trends to suggest that inventory will continue to rise across most of the United States — for example, the Midwest could see a huge surge in buying and selling.
“The Fed just cut interest rates, and that’s going to have an impact on mortgage rates,” noted Seamus Nally, CEO of TurboTenant. “Already, mortgage rates are starting to decline. So, this fall, mortgage rates are probably going to look the best they’ve looked in several years. This could make it an ideal time for people to buy.”
Kuba Jewgieniew, CEO and founder of Realty ONE Group, added, “In environments with high inflation and interest rates, homebuyers forced to move due to life circumstances will prioritize affordability. These economic pressures are anticipated to gradually ease, enabling all types of buyers, including investors and second homeowners, to move more quickly on properties later in the year compared to previous years.
This article originally appeared on GOBankingRates, read it in full here.
Kuba Jewgieniew is the CEO And Founder of Realty ONE Group, one of the fastest growing franchisors in the industry. He started Realty ONE Group in 2005 with a 100%-commission model and an emphasis on innovation, disruption and fun. He’s won numerous awards and has been recognized for his innovative thinking and leadership. And, with a dynamic leadership team and leagues of committed followers, Realty ONE Group plans to open offices around the world, bettering communities and lives everywhere, leaving a legacy for generations.