RERL-1664-Rates drop to historic lows - Buyer's market

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Manage episode 241474514 series 93399
By Joe Cucchiara and Real Estate Radio LIVE. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Rates continue to drop and right now we are flirting with historic lows. With rates as low as they have been it’s easy to forget that rates were once as high as 14%! Right now 30 year money is seriously cheap and, while still expensive, the Silicon Valley market has slowed enough that buyers finally have the chance to negotiate with sellers. First time home buyers who have felt shut out of the market for so long will have more qualifying power than in previous years and now could be the perfect time to strike. Today Joe discusses the decline in interest rates and the buyer’s market.

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