A Real Estate Forecast from a Beverly Hills Realtor: Endre Barath, Jr....
By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
A Real Estate Forecast from a Beverly Hills Realtor: Endre Barath, Jr.... First up, in case you missed it, the Federal Reserve raised the interest rates by .25 % making it more challenging to secure a loan. Since Borrowers will have even more stringent terms (in addition to the higher interest rates) all this points to less loans, thus fewer home buyers. Let's add to this mix the shortage of Spring housing inventory; what does this mean for the Real Estate Market? We are already at 6.55% which makes ‘affordability’ difficult; add the recent rate hike to this and the difficulty of buying a home only becomes harder to achieve than before. By having less sellers and buyers does not accomplish what the Fed claims it is trying to achieve. They are attempting to slow down price increases fo...
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