Overbidding on houses is contributing to the upward surge in prices due to the basic principles of supply and demand. As demand for housing increases, particularly in competitive real estate markets, buyers are willing to pay more than the asking price in order to secure their desired properties. This excess demand puts pressure on theContinue reading “Buyer’s continue to overbid! Is low housing inventory driving prices up? (E7)”
Tag Archives: financial
Will the fed increase rates? (E6)
This week the Fed will be meeting and determine if a rate hike is necessary. Increasing interest rates will have the following impact: Borrowing Costs: Higher interest rates increase the cost of borrowing for consumers and businesses. This means that loans for mortgages, car purchases, business investments, and other forms of credit become more expensive.Continue reading “Will the fed increase rates? (E6)”
