Barreling Towards A Crisis: Interest Rates (Mindset)

Today, we're taking a long view of a phenomenon currently shaping the activity in real estate. In response to the coronavirus, the government has passed legislation intended to spark our economy's recovery. The influx of money has resulted in historically low-interest mortgage rates, and some homebuyers are taking advantage of the increased spending power. This has been great for families who might not have qualified for mortgages at more standard rates, but how long can rates remain this low? And what will the long-term implications be for homeowners once the rates return back to normal? Less buying power obviously hurts new homebuyers, but it also impacts sellers who need qualified buyers to purchase their homes. If increases in mortgage rates shrink the pool of qualified buyers, sellers will have a harder time moving their home. We always encourage our listeners to analyze & capitalize on market trends, but having the knowledge to forecast where the market's headed will help you separate yourself as a foreclosure investor. Stay tuned, this one is packed with information to help you stay ahead of the game!

Mentioned in today's episode:
Propstream

Here's a link to the article Donny discussed in today's episode:
44% Of Owners Dissatisfied With Home Since Pandemic

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