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Reply to "Will DC housing prices rise if/when Fed cuts rates in September?"
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[quote=Anonymous]Let's be real: no one knows what will happen. Lower rates could increase demand; thy also may increase supply from those who were waiting to downsize/upsize. The reason rates are being cut is to get ahead of potential economic weakness (eg, Pepsi and other companies have reported weak earnings on reduced consumer demand), so that could dampen things. There are definitely houses that have been sitting and taken big price cuts. Summer lull or an indicator of a weakening market? No one knows. Don't try to time it. If there is a house that works for you now, buy it; at the same time, don't rush to buy a sub-par house now in fear of what will happen if rates drop.[/quote]
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