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Rainmaker
2,247,667
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Michael. Real estate markets are not going to get any better for some time, not as long as our current Administration stays in place. Unemployment is not getting better in spite of the BS that comes out of Washington.

Sep 17, 2015 07:40 PM
Rainmaker
3,052,508
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Not especially... they've been low for so long, most people think this is normal and will stay that way forever. What will get them in is an increase in rates. When rates start increasing buyers start rushing to buy and lock in as low a rate as possible before they "miss that boat" again.

Sep 17, 2015 11:52 PM
Ambassador
1,496,477
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I see it as a positive for both buyers and sellers. 

Sep 17, 2015 09:50 PM
Rainmaker
845,965
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Hi Michael it could create a lack of urgency especially since in most places as autumn is typically a slower buyer season. 

We fortunately do not have either issue down here but I also feel it is the pros that need to reinforce the fact that with this "gift" of low rates-NOW is the time to buy and nothing lasts forever!

Sep 17, 2015 08:02 PM
Ambassador
4,299,346
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Michael Thornton people usually buy the homes based on their wants and needs.

The external factor like mortgage rates and prices do make only slight difference.

Sep 18, 2015 01:24 AM
Rainmaker
1,157,274
FN LN
Toronto, ON

The market in my area is still quite strong.  We will need to see how the Bank of Canada reacts, if it reacts, to the Fed's decision.  I don't think there will be any perceptible change due to the Fed's decision, at least in my area.

Sep 17, 2015 09:57 PM
Rainmaker
111,294
Jeanne Feenick
NextHome Premier - Basking Ridge, NJ
Basking Ridge, Warren, Bridgewater Market Expert

The threat of a rise stirs some urgency - which is what is lacking in my market at present.  I like the tone of the responses - I intend to reinforce the "gift" of low rates theme and that fact that in time, they will rise.

Sep 17, 2015 09:57 PM
Rainer
481,375
Sara Wagner
Woodland Management Service - Adams, WI
The Forestland Experts!

Not likely to make any difference.

Feb 12, 2019 09:00 PM
Ambassador
4,159,394
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

So far the market is doing well, but the signs of a change are out there.

Aug 23, 2018 10:12 PM
Rainmaker
1,675,376
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

I think it will help those that have been procrastinating about home buying.  (I hope)

Sep 18, 2015 10:07 AM
Rainmaker
995,479
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

This is expected but the reality is they have no choice but to remain where they are. Do you believe the economy has actually recovered as they've  been saying? If that were truly the case we'd see movement.

Sep 18, 2015 02:37 AM
Rainmaker
5,342,706
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Smart home buyers will take advantage of the attractive mortgage interest rates that are available now and may not be available in the future.

Sep 18, 2015 01:41 AM
Rainmaker
3,980,731
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

People need to get on with their lives and quit worrying about the micro managment going on

Sep 18, 2015 12:24 AM
Rainer
60,491
Renee Paray
Coldwell Banker Preferred - Blue Bell, PA
REALTOR

It is great news for both buyers and sellers alike. My market is still moving strong. I have been working late nights to 10 pm all week. 

Sep 18, 2015 12:22 AM
Rainmaker
921,988
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

We've gotten stagnant on inventory, not buyers so this will help the buyers certainly. But, it's a double edge sword; the threat of rates increasing was de-splintering my fence sitters; now they may get too comfortable again.

Sep 18, 2015 12:09 AM
Rainmaker
740,045
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

No. The rates have been low for a long time, and buyers just don't seem to care, or the low rates aren't what's keeping buyers from buying.

Sep 18, 2015 12:08 AM
Rainmaker
2,970,978
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I was thinking if they raises it, there would be a huge increase in buyers followed by a huge lull. Now that it is staying the same with a threat of an increase by the end of the year, buyers could be inspired to move pretty fast this fall. The problem is we still of a shortage of homes for sale. 

Sep 17, 2015 10:14 PM
Rainmaker
1,666,845
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Time to break out Gary Keller's book Shift - you might give that to some of your realtor friends or organize a book club around it.

Sep 17, 2015 09:32 PM