The recent news that the Federal Reserve lowered interest rates for the first time in eight years has key implications for the real estate market.
If we think of the economic cycle, and the last recession representing winter, we have been through spring and most of summer already. Interest rate drops are a sign that the leaves are changing as fall approaches and a signal that the economy is finally slowing down.
This suggests that right now is an optimal moment to make the decision to sell, while the feel good factor is still fresh and buyers are keen to lock in a very low rate for the life of a home loan.
As ever, the best decisions in real estate can be made by assessing the current situation and not playing a waiting/guessing game.
If you're currently on the fence about whether or not to list, please get in touch with us for an informal discussion of the very best options for your individual circumstance.
Kind regards
Aaron Novello