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Barbara Corcoran gets it.
The word ballistic can have a number of connotations.
It begs the question:Would this ballistic market be good for buyers, sellers or both?
A lower rate could only energize them further.
All-cash offers are often more appealing to sellers because they can close faster and have fewer contingencies.
Corcoran emphasized the desperate need for more first-time buyers, who arent getting a fair shot in todays market.
Lowering rates could inject fresh energy into the market, keeping housing-related services busy and thriving.
Fortunately, Corcoran suggested that experts dont anticipate asignificant rate increasein the near future.
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