I am making a bid on my 1st home tomorrow. Should I bid asking price? Also, would it be ok to ask the seller to pay the closing costs? And can I also request things like a new stove? Or would that ...
Made a offer on house they accepted and signed a offer and acceptance. Now they say they need more money so they can move out of state. What should I do now? Additional Details In A...
legally can i just give one month?
I have been in the property more than 6 months...(as per tenancy agreement minimum term)
its is in england. Additional Details I had heard ...
I moved into my apartment in the beggining of August. I payed my rent as required. The landlord agreed to keep the electric in her name untill I could figgure out a way to have it in my name ( I can ...
Okay, I know that buying a home is a great idea. But I have some questions concerning it. Here is my scenerio: My husband and I live in the Houston, Texas area. Our lease is up in a month and a ...
My thoughts are that I am fully entitled to be crystal clear about any and all expenses that I should expect down the road. What are your thoughts? Additional Details For the sake of ...
We have had a couple of yelling fights. They only last about 5-10 minutes but now our manager is telling us that she will give us a 30-day notice if it happens again or my husband has to leave....
I got a house in my name. My brother was a Co-sign. He filed for bankruptcy. Can he filed for that and I'm the account holder? If so, he let it go backk as a repo. Will it show up on my credit?...
renter refuses to leave even though we gave him a termination notice, he hasnt paid the rent, the house is a mess and everytime we call he says that we cant do anything about it because we are far ...
Ok I went through a bad divorce, bankruptcy, forclosure on the home we lived in. Three years later, I got a few some personal loans, a new car loan and 2 credit cards(they only have very small usage)....
Generally they fall - or at least rise less quickly. House prices are determined by supply and demand. Higher interest rates mean that mortgages become less affordable so that the prices people are prepared to pay (or able to pay) falls. This causes a fall in demand and prices generally slow down.
john i
It makes it more expensive to buy a house therefore damand generally falls. It usually impacts on first time buyers most and if they stay out the market then the housing chain becomes stagnant as people wishing to move up the ladder cannot sell their houses. As rtaes rise so do mortgage defaulters and therefore house repossesions. High interest rates fdlatten house prices but can also cause a housing crisis that is why it is such a fine balancing act!
oldguy
sometimes they fall. house prices depends on supply and demand. few houses, high prices or lotsa houses, low prices. lotsa buyers high prices, few buyers low prices. the biggest factor is the interest rates on borrowing money to buy a house. high interest rates eliminates alot of people from buying because they can't afford the payments.
Oliver
The housing market usually goes stagnent for a while,and people avoid buying due to high repayment
bohemian
One of the ideas behind putting interest rates up is to stop house prices going up so quickly. That is because people can't get such big mortgages. Stabilising house prices helps to keep inflation down. The Bank of England has to tread a fine line though, because if they put rates up too much, house prices collapse, and that causes all sorts of problems with the economy.
Barbarian
Prices will dampen due to higher payment prices. It will push many existing mortgagees over the edge and will cause a lot of people repayment problems. On the other side of the coin supply to the landlord area of the market will increase and it will be their ability to raise capital whicjh will determine their ability to absorb any supply. Of course anyone with a fixed mortgage will not be affected .
Edgar Ng
house prices always increases if its in demand
if its not in demand it might decrease
if ur talking about generally i think house prices will decrease since interest rate increase and people will want to keep their money and not buy stuff.
foxyfaerie
Nothing.
Interest rates rising or falling will impact on *mortgages* not house prices.
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