Coronavirus Impacts Interest Rates Up-Down-Sideways?
Interest rates have shifted a bit at the local level. Some local lenders, such as Republic Bank, have lowered interest rates on commercial loans. This is mainly due to market concerns over the impacts of the Coronavirus. The Federal Reserve has committed to keeping rates the same but will consider taking action if the virus begins to affect the global economy. These lower rates mean more buying power for buyers.
LINK HERE for Kiplinger’s article.
With spring around the corner and interest rates resting at such a low level, buyers are eager and ready to make a home purchase. Be sure to check with us soon about the final touches needed before listing your home. We will provide the most up to date market statistics as well as the current level of buyer demand in your area. In December 2019, the number of homes on the market dropped by almost 1% compared to 2018 but the average sales price rose by almost 5%. Now is the ideal time to list your home!
7007 Shallow Lake Road
Coming on market this week!
2603 Garden Lake Lane
Under contract in 2 days!
13514 Forest Bend Circle
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