EP29: Mortgage Rates Drop - What Home Buyers Need To Know

In the latest episode of Beckonomics, Victor and Hunter discuss how this is impacting both home buyers and sellers. They analyze the factors that have led to a stagnant market in recent years, such as low supply and existing homeowners staying put due to low interest rates. With financing now more affordable, the episode examines how lower rates are encouraging more new home buyers to enter the market. Both the short and medium-term effects on prices, transactions and turnover are considered.

The importance of continued new home construction is emphasized to meet long-term demand. The challenges around incentivizing greater housing supply are also covered. Listeners learn why refinancing during economic downturns remains crucial. This insightful discussion provides valuable context around the current state of the market and the road ahead.

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