Cause and Effect of Today’s Real Estate Market, with Ted Topouzis and Matt Bates
Emilio, Ted Topouzis of Topouzis & Associates, and Matt Bates from Movement Mortgage talk about how various trends in real estate can cause ups and downs in the housing market. Factors like interest rates and supply can be obvious while others may be less so. Below are some examples along with some contributing factors in why the market moves flows the way it does.
- Home sales increase
- Home price decrease by 1%
- Low supply, existing supply priced high
- Fear of interest rates increasing, uncertainty regarding government’s actions on mortgage deductions and the like
- Household formation growth (shared living)
Supply and Demand
Using the Rhode Island market as an example, if interest rates continue to rise and inventory stays low home sales are going to remain low until prices correct themselves. At the end of the day, it’s all about supply and demand. If you want to learn more about the real estate market and stay informed on current trends, this is the video for you.
For more information on Movement Mortgage and the services they provide, follow the link to www.Movement.com.
For more information on Ted Topouzis & Associates and the services they provide, visit: www.taclosinglaw.com.