How have low interest rates affected the Fremont housing industry?

Asked by Trulia Fremont, Fremont, CA Tue May 7, 2013

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6
Ali Qureshi, Agent, Pleasanton, CA
Tue Nov 26, 2013
One of the driving factors behind home appreciation across california in the past year was low interest rates. Buyers compare the amount of rent they pay with mortgage payments. As a result of this surplus demand home price across the board appreciated.
0 votes
Robert Chome…, , San Diego, CA
Wed May 8, 2013
I think low rates have greatly affected the housing markets across the U.S. What would prices be now if rates were 6%? Rates are lower then the have been in over a hundred years! This greatly affects payment and affordability.
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Ken Vasan, Agent, Fremonet, CA
Wed May 8, 2013
Has created crazy over bidding war

Prices have crossed historical highs in many areas

Resulted in less inventory as the sellers are laying low

Resulted in higher level of cash purchases due to home equity cash playing in certain markets

Made well qualified buyers with 20% down with no money for appraisal surprises to stay away from market.

On the whole this will continue on until Fed change free bee policies and slowly take control, which I foresee will not happen.

If one is having cash in the bank, it is worth nothing at the current rate of printing....
Web Reference:  http://www.kenvasan.com
0 votes
Samantha Bag…, , Fremont, CA
Wed May 8, 2013
It has made housing more affordable. The lower the interest rate the lower the payment. This allows people to get into a home that otherwise wouldn't have been able to afford it.
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Joe Patel, Agent, San Ramon, CA
Tue May 7, 2013
Low interest rate affected overall real estate market growth not only in fremont but all over the country.
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John Juarez, Agent, Fremont, CA
Tue May 7, 2013
Low interest rates help sell houses. Low interest rates are one of the driving forces in the local, Statewide, and National housing recovery.
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