{"id":1074,"date":"2023-10-05T15:01:14","date_gmt":"2023-10-05T19:01:14","guid":{"rendered":"https:\/\/www.exponentialrealty.ca\/blog\/?p=1074"},"modified":"2023-10-05T15:08:22","modified_gmt":"2023-10-05T19:08:22","slug":"september-2023-real-estate-stats-comments","status":"publish","type":"post","link":"https:\/\/www.exponentialrealty.ca\/blog\/september-2023-real-estate-stats-comments\/","title":{"rendered":"September 2023 Real Estate stats\/comments"},"content":{"rendered":"

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My comments:<\/p>\n

So, September rolls in, and the market is still pretty sluggish. We’ve been dealing with a shortage of available properties for most of this year, and that’s definitely been a key driver behind those rising prices. Homeowners were playing it safe in the first half of 2023, not eager to part with their properties. But now, with interest rates hitting a 10-year high, the big question is, will they keep holding off on selling, and can they handle these sky-high interest rates? Time will tell.<\/p>\n

This could be an excellent moment to make a property purchase. However, the big question on everyone’s mind is whether housing prices might unexpectedly plummet by 20% or even 30%. Let’s examine the historical interest rate chart spanning from 1935 to 2023.<\/p>\n


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Suddenly, a 7% interest rate doesn’t appear quite as daunting now, does it? \ud83d\ude04 It\u2019s just part of a market cycle.<\/p>\n

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We’ve delved into enough figures for now. I hope you find the time to relish the breathtaking autumn scenery!<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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*source: https:\/\/wowa.ca\/banks\/prime-rates-canada<\/p>\n","protected":false},"excerpt":{"rendered":"

        My comments: So, September rolls in, and the market is still pretty sluggish. We’ve been dealing with a shortage of available properties for most of this …<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/1074"}],"collection":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/comments?post=1074"}],"version-history":[{"count":7,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/1074\/revisions"}],"predecessor-version":[{"id":1082,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/1074\/revisions\/1082"}],"wp:attachment":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/media?parent=1074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/categories?post=1074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/tags?post=1074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}