Weekly real estate market update… chart for how lower interest rates affect buying power

The real estate market settled down again after the post-holiday boost, but still ahead of last year.

Showing activity continued along the same track, almost as busy as last year at this time.

The big question is whether activity will pick up after the Fed drop in interest rates… which doesn’t directly affect mortgage interest rates, but are a factor. The chart in the post below from our blog on Keeping Current Matters shows how changes in mortgage interest rate directly affect your buying power.

Sharlene Hensrud, RE/MAX Results – shensrud@homesmsp.com

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I love what I do! Highly insightful, analytical and creative, there is nothing I love more than helping you find the right solution for your real estate transition. My mission is to serve my clients with honesty and integrity, exceeding their expectations in service and support… and to help others by donating a portion of every transaction to Habitat for Humanity.

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