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Andrew Duncan, Tampa Bay's #1 Realtor talk about how Brexit and the UK's decision to leave the EU is going to impact US housing and interest rates. He has David Diaz of Waterstone Mortgage and Richard Vazquez from Artisan Insurance as guests on The Duncan Duo Real Estate Show.
David says that anytime there is bad news in the economy, there's great news for rates. Because of what is happening right now, all talks in the early part of the year about rates increasing has gone out the window. This is one impact that is actually benefiting home buyers.
To get more Tampa Bay Real Estate news and advice from Tampa Bay's #1 Realtor, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sundays at 10 am.
David says that anytime there is bad news in the economy, there's great news for rates. Because of what is happening right now, all talks in the early part of the year about rates increasing has gone out the window. This is one impact that is actually benefiting home buyers.
Florida is an international Real Estate market so even things that happen outside the country impacts the local Real Estate market. This would impact, more specifically, the Luxury market which gets a lot of international sales, a lot from the European market. It's not a big market to begin with so if you pull away buyers from that market, it will have a negative pressure on price which will cause prices to drop.
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