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How will lower rates affect home prices?
Manage episode 445284152 series 3576214
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Join Michael Albaum and Pierre Carrillo as they explore how the recent half-percent federal funds rate cut is shaking up the real estate market. Michael shares his personal experience with a loan modification, saving $500 a month on his mortgage, while the two debate whether lower rates will drive home prices up. They break down the effects of supply and demand, geographic factors, investor behavior, and the potential impact on new construction. Tune in for our discussion on how this rate cut might influence our next real estate move.
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