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[quote=Anonymous][quote=Anonymous]Interest rates are dropping, so I think that that market will rise in favor of sellers. There's a lot of pent-up demand, including from sellers who want to downsize, so there should be more activity than in the past few of years.[/quote] Interest rates have very little effect except in the minds of the media and agents who want to sound like they know what they're talking about. When interest rates went up dramatically in the past few years, prices still went up dramatically -- which should have put to bed the idea that buyers care about interest rates. Buyers get their wealth from their salaries (which have increased dramatically due to inflation) and from the performance of their investments (which have also increased dramatically) and don't sit around waiting for miniscule movements in interest rates.[/quote]
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