Richie Alan  Naggar, agent & author  (people first...then business Ran Right Realty )

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Rainmaker
3,303,330
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

The reasons that motivate are numerous.

Jul 21, 2019 06:45 AM
Rainmaker
405,306
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

I like lower rates - it does help with my "on the fence" buyers. And it can help with those buyers that want a slightly higher priced home than what they were previously qualified for - and now they can swing it.

Jul 21, 2019 08:22 AM
Rainmaker
2,975,620
Richard Weeks
Dallas, TX
REALTOR®, Broker

Will help many buyers.

 

Jul 21, 2019 07:52 AM
Rainmaker
697,067
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Sure doesn't hurt. Buyers will and should be motivated!

Jul 21, 2019 07:37 AM
Rainmaker
1,054,068
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I agree with you Richie. 

Jul 21, 2019 06:54 AM
Rainmaker
2,782,120
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Low rates do seem to spur on more sales. Inventory is an issue in my area. 

Jul 21, 2019 09:56 AM
Rainmaker
731,920
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It would be welcome, but may not happen given some strong numbers in the economy.

Jul 21, 2019 08:15 AM
Rainmaker
4,952,335
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

I think it brings many more buyers into that buying equation....

Jul 21, 2019 07:10 AM
Rainmaker
1,308,937
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Can't argue with that!  Prices need to stabilize, though.

Jul 21, 2019 07:08 AM
Rainmaker
3,055,933
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I agree... now we just have to find inventory to sell to those buyers!

Jul 21, 2019 06:47 AM
Rainmaker
538,067
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

I would have to agree Richie Alan Naggar it's a very good thing! 

Jul 21, 2019 06:30 AM
Rainmaker
922,183
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Jul 21, 2019 09:35 AM
Rainmaker
1,536,055
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

The refi boom has been happening for many weeks now. An added drop will spur many more to take advantage of the benefit.

Jul 21, 2019 08:54 AM
Rainer
231,167
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

I think some homeowners are going to need to put their homes on the market to get a flurry of purchases. I do not see that happening at his current time.

Jul 21, 2019 07:51 AM
Ambassador
4,164,992
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Is it a significant drop? or more little adjustments that will be ignored by most.

Jul 21, 2019 06:53 PM
Rainmaker
1,593,810
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Refi's make me happy Richie Alan Naggar as it puts money in my pocket as a Mobile Notary.

Jul 21, 2019 11:52 AM
Ambassador
2,840,422
Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

Yes for sure interest will be spike up both for buyers and those that are thinking of re-fing!

Jul 21, 2019 11:20 AM
Rainmaker
1,526,920
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Yes I think it is a good thing also. 

Jul 21, 2019 11:16 AM
Rainmaker
4,402,862
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Richie,

I am sure it will move some.  A

Jul 21, 2019 09:04 AM
Rainmaker
1,229,796
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I'm hoping it will get buyers buying.

Jul 21, 2019 08:59 AM
Rainmaker
3,239,094
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Low interest rates do prompt many to get off the fence

Jul 21, 2019 07:50 AM
Rainmaker
760,311
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I'm happy about it BUT they are artificially low 

Jul 21, 2019 08:57 PM
Rainer
2,540
Alex Middleton
HomeBetter LLC. - Alachua, FL

Interest rated drop is a good news for the ones who plan to buy a new house recently. But on the other hand, it also would be a signal of the property price increase

Jul 21, 2019 08:32 PM
Rainmaker
573,023
Peter Mohylsky, South Walton
PrimeSouth Properties - Santa Rosa Beach, FL
Let me help you find your path to the beach.

Honestly, I don’t think most buyers track th rate changes.

Jul 21, 2019 03:09 PM
Rainmaker
1,827,067
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I can’t believe how low they are right now !

Jul 21, 2019 01:30 PM
Ambassador
3,966,642
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Good news for many and might move some off the fence. Time will tell, but the rates are great!

Jul 21, 2019 12:02 PM
Rainmaker
1,487,727
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

How lower they can go?

Jul 21, 2019 11:50 PM
Ambassador
3,279,062
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I love your attitude, Richie and I agree with your sentiments, 100%!

Jul 21, 2019 09:00 PM
Rainmaker
429,591
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

Interest rates go up in a strong economy and down in a struggling economy.

Jul 22, 2019 06:16 AM
Rainmaker
4,064,468
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We have been slow around here, so hope it brings life back to our market.

Aug 06, 2019 08:53 AM
Rainmaker
111,136
Denise Copeland
Mirsky Realty Group - Palm Beach Gardens, FL
Jupiter Abacoa Sales & Beach Front Luxury Homes

I've had one heck of a dry spell since January. My phone started ringing this week with a few potential buyers, so it might be working.

Jul 27, 2019 01:46 PM
Rainmaker
1,087,951
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty

Agreee 100%

Jul 24, 2019 08:20 PM
Rainmaker
671,799
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I think too many sellers think that prices are on the way down and are waiting on the sidelines for a clear and positive market signal.

Jul 22, 2019 06:51 PM
Rainer
158,734
Don Baker
Lane Realty - Eatonton, GA

kind of makes all those people who said they were going up look silly

Jul 22, 2019 02:59 PM
Rainmaker
540,964
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
RE/MAX Valencia, Stevenson Ranch, Santa Clarita

Interest Rates dropping is reason for alarm.  This is an indication that the economy is weak despite the rising stock market.

Jul 22, 2019 02:40 PM
Rainer
230,351
Caroline Gerardo
CMG Financial - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Makes the phone ring, 

Jul 22, 2019 01:33 PM
Rainmaker
3,138,576
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

It is great but as for refi, I think everyone has already!

 

Jul 22, 2019 10:26 AM
Ambassador
2,203,320
Wanda Kubat-Nerdin - Wanda Can!
Prado Real Estate South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Yes Richie, more buyers will come forward and owners will be seeking to lower their interest rates!

Jul 22, 2019 06:25 AM