Blog > Home Interest Rates Improving? "Rent Cap" - Good or Bad?
We've got some great news for those hoping for better interest rates! Recent economic data shows inflation is slowing down and unemployment is rising, which usually leads to lower interest rates. Many investors predict 1 to 3 rate decreases by the end of the year.
If you're considering buying a home, keep in mind that lower rates might mean more competition. It could be wise to enter the market sooner rather than later, while home prices are stable and competition is lower.
In other news, President Biden recently visited Las Vegas and proposed a rent cap, potentially limiting rent increases to 5%. There are mixed opinions on this. Some argue that rent control can discourage developers from building new housing, worsening the supply issue.
The National Association of Realtors suggests that instead of rent caps, we need government incentives for developers to build more affordable housing. This approach could help address the housing supply issue and make housing more affordable for many families. For more details, check out the articles linked below.
I'm interested in hearing your thoughts on these topics!
