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Home > Affordable Housing, Analysis and Commentary, Finance, loans, Manufactured Housing Industry, News, Trends > Tell Your Home Buyers, “Higher Rates Ahead,” Per Mainstream Reports

Tell Your Home Buyers, “Higher Rates Ahead,” Per Mainstream Reports

July 30th, 2018

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Third-party information can be a powerful resource for savvy industry professionals, including those who are on the front-lines with retail buying customers.  What you say on your website, or on your own authority may or may not be believed.  But research reveals, that third-party information is far more trusted.

 

So, you may want to bookmark this article in your smart-phone for the next few weeks, so you can rapidly show it to a prospect who has not yet been told that interest rates are expected to rise, again.  Don’t overdue use it, just be mater of fact at the appropriate time – not too soon, not too late – with those who are serious about owning a home, but perhaps haven’t set a firm time line.

Historically, rising rates are reasons to move people ‘on the fence.’ Rising rates have also been a reason for decades why home buyers shifted from getting a conventional house, to buying a manufactured home instead.

Frankly, to me the refunding could be potentially a more significant catalyst than the Bank of Japan. I don’t expect anything terribly exciting from the Bank of Japan. I think they will reaffirm their willingness to throw down an unlimited amount of stimulus. I don’t think there will be too many tweaks,” said Boris Rjavinski, director of rates at Wells Fargo, per CNBC.

Friday’s employment report is expected to show 190,000 jobs were added in July, they said, but the number investors are watching is the 0.3 percent gain expected in hourly wages. While employees want all that they can get, anything higher might send yields higher, as it could signal a potential pickup in inflation.

Rising rates could hit millennials the most, said the Globe and Mail.

Rates could rise, regardless of what the FED does this week, says CNBC.

With conventional housing inventories tight, and with the positive reviews from the National Association or Realtors (NAR) recent report, there are plenty of reasons for more Americans to make the manufactured housing choice.   See that related report, linked below. ## (News, analysis, and commentary.)

(Third-party images and content are provided under fair use guidelines.) See Related Reports, linked further below.

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

 

 

 

 

Related Reports:

 

Realtor University ® “The Market for Manufactured Homes,” Research by Scholastica Cororaton, Certified Business Economist, Highlights

 


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