1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
andreyandreev [35.5K]
10 months ago
6

with interest rates rising, why do you believe purchasing a home can be one of the most stressful experiences for people? explai

n your answer.
Business
1 answer:
Illusion [34]10 months ago
8 0

While high interest rates typically have the opposite effect, low interest rates tend to promote property demand and raise prices.

<h3>How do interest rates affect home buying?</h3>
  • They affect the price of real estate and how much we will have to spend to borrow money to purchase a property.While high interest rates typically have the opposite effect, low interest rates tend to promote property demand and raise prices.
  • The cost of a property has increased due to higher mortgage rates, but there is less competition because of the decline in demand.This allows purchasers the chance to negotiate a lower purchase price, have closing expenses covered by the seller, or pay mortgage points to lower the high interest rates a little.
  • So much so that 37% of respondents said it was more stressful than finding a job (28%), organizing a wedding (23%), or even having a child (18%) to buy a property.
  • In the current housing market, purchasers still confront several difficult obstacles, including high property prices, high mortgage rates, and a dearth of available properties.However, the ferocious housing market rivalry of recent years has somewhat subsided.Buyers have greater freedom to bargain because there are fewer bidding battles.

To learn more about interest in home refer

brainly.com/question/501927

#SPJ4

You might be interested in
Which of the following statements about entrepreneurs is FALSE? A. Entrepreneurs are people who start a new business. B. Entrepr
9966 [12]

Answer:

C. Entrepreneurs aren’t exposed to any risk when starting a new business.

Explanation:

Entrepreneurs are the person who starts their own business and took a financial risk from the start. Entrepreneurs manage the activities on their own,  develop new ideas. and create the team for the benefit of the organization

Therefore, Entrepreneur exposed to the financial risk while starting their own business

hence, the correct option is C.

3 0
3 years ago
HURRY PLEASE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! When defining the issue for which a decision has to be made, fr
777dan777 [17]
The answer is (C) Helps point to a set of actions that should occur
8 0
3 years ago
When an organization expands into a totally new line of business, it is implementing a strategy of:?
Pachacha [2.7K]
<span>Unrelated diversification</span>
8 0
3 years ago
39. You expect to receive $5,000 in 25 years. How much is it worth today if the discount rate is 5.5%?
ivann1987 [24]

Answer:

PV= $1,311.17

Explanation:

Giving the following information:

Future Value (FV)= $5,000

Number of periods (n)= 25 years

Interest rate (i)= 5.5% compounded annually

T<u>o calculate the present value (PV), we need to use the following formula:</u>

<u></u>

PV= FV / (1+i)^n

PV= 5,000 / 1.055^25

PV= $1,311.17

6 0
3 years ago
right-to-work laws stipulate that a person cannot be denied employment because of membership or nonmembership in a labor union o
LekaFEV [45]

It is true that right-to-work laws stipulate that a person cannot be denied employment because of membership or non-membership in a labor union or other labor organization.

The concept of the right to work is that people have a human right to work or engage in productive employment and should not be denied that right. The right to work is recognized in international human rights law through its inclusion in the International Covenant on Economic, Social, and Cultural Rights, where the right to work emphasizes economic, social, and cultural development.

The right to work was also enshrined as a fundamental right of citizens in the Soviet Union's constitution. The Human Rights Measurement Initiative assesses countries' right to work based on their level of income.

Learn more about right to work here:

brainly.com/question/14711960

#SPJ4

8 0
1 year ago
Other questions:
  • Identify the features of stocks and bonds
    7·1 answer
  • Henncom, a company that manufactures computer spare parts, runs its operations in a small office. Owing to the increase in the d
    14·1 answer
  • Assume that the reserve ratio is 20% and banks in the system are loaning out all their excess reserve. If people collectively ca
    9·1 answer
  • The way you spend your time and energy is your _____.
    7·2 answers
  • "Bardron, an information technology company in the country of Conimount, wanted to start its business in the country of Bertholt
    13·2 answers
  • What do different jobs in the marketing career cluster have in common
    5·2 answers
  • If the unemployment rate falls below its long-run level, which policies would be appropriate to stabilize output? a. increase th
    10·1 answer
  • What is an elevator pitch
    14·1 answer
  • Stacy accidentally added a new transaction to her bank register via the bank feed that should have been matched to an existing t
    15·1 answer
  • In its first year of operations, Crane Company recognized $29,500 in service revenue, $6,100 of which was on account and still o
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!