Impact of Higher Mortgage Rates and Election Uncertainty on Housing Market Trend
Thursday, 13 June 2024, 10:00
Impact of Higher Mortgage Rates
The housing market is currently experiencing a dip as interested buyers are adopting a wait-and-see approach. The hope for future mortgage rate cuts is influencing their purchasing decisions.
Election Uncertainty
The looming election uncertainty is adding to the cautious sentiment among potential buyers, leading to a slowdown in the market. The resultant effect is seen in the decreasing number of transactions and property sales.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.