Question

Question

by Antonio Marquez -
Number of replies: 1

So when it comes to the housing markets, what would be your thoughts on that?

In reply to Antonio Marquez

Re: Question

by Danny Weaver -
Current markets? It is very curious. Interest rates need to go up/maintain to continue to keep higher rates of inflation at buy, which should lead to lower prices in housing (if folks are paying more interest, they can't take out as large of loans). That said, because individuals that bought their home more than 5 years ago would have a much higher interest rate if they moved and bought another house today, this means that houses aren't hitting the market very often, putting an upward pressure on prices. Ultimately, free markets will deliver more housing if the margin to create housing is there. We will see just how free markets will be. Many home owners like to see the value of their house goes up. One way to ensure this is to not let property developers create new housing (increasing supply leads to lower prices).