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3 Ways the Brexit Is Affecting Bay Area Home Prices
Manage episode 167182707 series 1320111
Nakul Kapoor에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Nakul Kapoor 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
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The United Kingdom’s withdrawal from the European Union - or “Brexit,” if you will - has had an effect on stock prices, gold, and government bonds. More importantly, though, it has also had an effect on real estate prices in the Bay Area.
The yield on the 10-year treasury has been tumbling ever since the Brexit. That, in essence, has caused lower mortgage rates. We’ve also seen an uptick in both home purchase applications and refinance applications, signifying a major increase in housing demand.
The other upside we see is foreign investor interest. The U.S. dollar is holding strong and proving to be a better investment than the British pound. Another thing that analysts are pointing out is that there may be a tech and real estate withdrawal from the United Kingdom, which would help the U.S. market in terms of job growth and demand for homes.
To conclude, the three effects the Brexit has had on home prices are lower mortgage rates, an increase of foreign interest, and potential job creation. All these signify increased demand and a very healthy scenario for real estate.
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