How Consumer Confidence Impacts the Real Estate Market

Market confidence plays a crucial role in real estate decisions. 🏡 In this video, Michael Prior, broker at The Prior Group and head coach at Revel Realty, explains how shifts in consumer confidence—whether from interest rate cuts, economic changes, or new policies—can impact buying and selling trends.

🔹 Interest Rate Drops: When rates decrease, buyers regain confidence, leading to a surge in activity before affordability actually improves. 🔹 Economic Uncertainty: Factors like new tariffs or economic shifts can create hesitation, reducing buyer confidence and slowing the market. 🔹 Short-Term vs. Long-Term Effects: Consumer confidence reacts quickly, but actual affordability changes take longer to impact the market. If you’re wondering how market confidence could affect your next move, reach out to Michael or anyone at The Prior Group.

Interested in learning more? Contact Michael 📞: 647-376-7367 🌐 Visit The Prior Group: https://www.thepriorgroup.com/

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