Friday, June 30, 2006
How Will Cape Coral Real Estate react to a 1/4 Point Hike?
Perhaps it's too soon to see the effect a quarter point rate hike will have upon consumer spending and real estate purchases in Southwest Florida and Cape Coral.
Yet it doesn't take a rocket scientist to figure out that as interest rates rise, it turns some buyers into renters.
Fortunately, the hike likely won't affect real estate buyers in the $250,000+ category.
Yet, it's worthwhile to note that those who had intended to buy 6 months ago and are hanging on the fence to enter the market, are now starting to pay the price for that indecisiveness. Banks and mortgage companies alike will pass on the increasing cost to their buyers.
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Feel free to forward it to friends, link
back to our blog, and even a share a comment!
Yet it doesn't take a rocket scientist to figure out that as interest rates rise, it turns some buyers into renters.
Fortunately, the hike likely won't affect real estate buyers in the $250,000+ category.
Yet, it's worthwhile to note that those who had intended to buy 6 months ago and are hanging on the fence to enter the market, are now starting to pay the price for that indecisiveness. Banks and mortgage companies alike will pass on the increasing cost to their buyers.
Like this article?
Feel free to forward it to friends, link
back to our blog, and even a share a comment!
