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Are house prices going down

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Are house prices going down
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Yes ,house prices are going down

Along with income and population growth on the demand side and different supply factors like construction costs and regulations, interest rates are a significant influence in determining how much a home will cost. According to a generalisation based on cross-country data, with every one percent rise in actual interest rates, the rate of expansion of home prices is slowed by around two per cent.

Interest rates had been falling earlier to the recent tightening cycle. Rationally speaking, lower interest rates reduced the cost of financing to fund the purchase of a home or to add on to an existing home, which increased demand for housing. The procedure has now been reversed.
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