Clearly stated. I agree. Lower variable rates have a huge impact on homeowners to hold (and even improve) their properties. With less pressure to sell and more interested in buying there is more chance that prices will hold rather than fall. In Australia the impact is greater than the US as...
Lower rates = less pressure to sell due to lack of cashflow. I am sure many on this forum who may have felt pressure to sell even months ago are now breathing easy - or even grinning - as they ride the variable interest rates down. Less forced sales = less downward pressure on prices.
The...
