
Several factors can affect the real estate market. A Chicago condominium management expert can help you identify these factors and determine how they affect your real estate property. Wondering what are these factors? Here are some of the most important ones. Mortgage Interest Rates When it comes to mortgage rates, lenders have the freedom to set their rates. However, the Federal Reserve monitors current economic data and periodically adjusts interest rates. These adjustments can significantly impact the cost of homes and determine whether someone can afford to buy one. When interest rates drop, it means that mortgage costs also decrease. This,...