Not exact matches
Nik Nanos, Chairman of Nanos Research Group, said the national decline in
consumer sentiment «has been primarily fueled by
dampening forward perceptions of the strength of the economy and the value of
real estate.»
When interest rates increase, borrowing becomes more expensive,
dampening consumer demand for mortgages and other loan products and negatively affecting residential
real estate prices.
«The
consumer must be informed without
dampening the excitement of buying and selling
real estate,» he says.
Such unknowns make people feel unsettled, and as we
real estate professionals know,
consumer anxiety can have a trickle - down effect and
dampen real estate markets.
High prices and tighter lending conditions aren't
dampening consumers» optimism and enthusiasm for
real estate in the Toronto region, where half of homebuyers still expect to purchase that most expensive and elusive asset, a detached home.