Fed rate cuts in 2019 dropped mortgage rates from 4.7% to the 3.7-3.9% range, boosting buying power by roughly 12% and driving a stronger-than-typical fall market. My appraisals reflected firming comparable sales as renewed buyer activity pushed values upward.
Rate Impact
Lower rates increased buying power ~12% since January. This stimulates demand across price segments.
I'm appraising more homes. Comparable sales prices firming up.
Fall Activity
Fall traditionally slower, but 2019 shows stronger-than-typical fall activity due to rate environment.
Market is responding positively to Fed stimulus.
2019-2020 Outlook
Rate cuts should continue supporting market through 2020. Expect 3-5% appreciation, steady activity.
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