Falling Interest Rates and Kansas City Real Estate
Clients are asking if the falling interest rates will improve the chances of sellng their Kansas City homes closer to fair market value, and conversely, will the falling rates make investing less attractive?
The experts agree that falling rates enable more buyers to take advantage of home ownership....But lenders have slowly but surely tightened their reigns on qualifcations, so the total number of qualfed buyers wll increase, but only marginally. Investors as Sellers wll find ther buyers more qualifed, and as a result, may close more quickly, and wth fewer issues related that slow closings. Investors as Buyers will still find lucrative purchases, and plenty of opportunty for profit.
Information provided by Dowell Taggart Team.
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