Which Way Are Home Prices Going?

The biggest issue facing property owners in Signal Hill, Lakewood, and Long Beach, Ca is the potential of higher interest rates, which would create downward pressure on home prices.  According to the LA Times, recent actions by the Federal Reserve could mark the transition “from a period of easing credit to one of tightening.”  If borrowers are not able to borrow money at today’s low interest rates, then the number of people who can afford your home decreases.  Buyers benefit from low interest rates by having smaller payments and sellers benefit from today’s low interest rates by selling at a higher dollar amount.

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