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The HOP (Home Ownership Podcast) Episode 112, Hosted by Village Properties Realtor, David Charles Allen.
In this episode, David reports on the latest interest rates and sales stats before discussing how an economy downturn could affect the housing market. While large investors could actually benefit from an economy downturn with lower housing prices (especially if they’re cash buyers), it won’t be beneficial for others. For instance, those who bought their homes when interest rates were at their lowest, are unlikely to want to sell their homes as they’ll get less for their money when they go to buy their next home. Also, if prices on homes and interest rates stay high, it will be difficult if not impossible, for the average family to buy a home–potentially locking them into a future of renting. He reminds us that house values are based on supply and demand. As long as there is a limited supply of properties for sale, there will be a high demand and prices are likely to remain high. To contact David, email him at david@davidcharlesallen.com or call 805-617-9311