Are Lower Interest Rates About to Spark a Housing Boom

Are Lower Interest Rates About to Spark a Housing Boom

Interest rates have been trending down, and some are predicting a market boom. But is it really happening? After a strong start to the year, March 5th brought a sharp market shift, driven by uncertainty around tariffs. While rates recently dipped below 7%, experts expect them to settle in the mid-6% range before possibly dropping into the 5s by summer. With lower rates, affordability improves, and a 1% drop could add 500,000 buyers to the market. Is this the moment that unlocks demand?

#interestrates #HousingMarket #RealEstateTrends #MortgageRates #HomeBuying