My past experience has shown that when the interest rates go down, the prices tend to rise. As did, during this last real estate boom. I may have misunderstood, but this morning, on the morning news I overhead a so called, expert real estate agent state that the lower rates will help bring down the prices. Now keep in mind I had my hands full, was feeding the dogs, the guinea pig and of course my husband when I over heard her comment...did I hear her right? In my professional opinion the lower rates will help stablize the market, but will not bring down the prices. The prices are coming down because of oversupply and the state of the economy which is a whole other subject to tackle.
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