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3 Ways the Brexit Is Affecting Bay Area Home Prices
Manage episode 167182707 series 1320111
Вміст надано Nakul Kapoor. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Nakul Kapoor або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.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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