It seems that those younger homebuyers can breathe a sigh of relief for a while. The latest data is out: the number of personal mortgages is shrinking, and this signal may mean that our crazy housing market is about to calm down. What's going on with this trend?
A few years ago, buying a house was a technical job. Prices are rising, and even our mood is up and down with house prices. The high-priced real estate market is simply beyond the reach of ordinary families.
A recent change is unexpected, the original hot personal mortgage has now turned into a shrinking trend. Everyone is talking about it, is our property market about to start cooling down?
Analyze what is the reason behind this reduction in mortgages. First and foremost, it must be government regulation. As soon as the government's hand is tightened, it will be difficult to take the road of loans. Limit purchase and loan, as soon as you make a sale, it is dry goods, and the liquidity in the market is immediately controlled.
If you look at the financial markets, the impact is huge. As soon as interest rates rise, the cost of loans rises, and many people think that it is better to wait and talk, and the number of mortgages will shrink.
The decline in mortgages does not mean that the property market has cooled. Demand in the real estate market remains strong. In our country, the house is not only a place to live, but also an important channel for many families to increase their wealth. Even if it is more difficult to get a loan, it can't stop some people from buying a house.
In fact, this change has also affected the scale of housing loans to a certain extent. When people start to weigh the factors and focus more on the quality of life and the comfort of living in a variety of factors, they may no longer rush to sign a high-value mortgage contract.
Every change in the market means different things to different people. Now may be a great opportunity for those who are in dire need of a home, but it is not so simple for those looking to make a profit from their real estate investments.
In short, the reduction in the size of personal mortgages has indeed brought some new signals to the market. But how these signals are interpreted and how the results develop will take time to verify.
However, one thing is certain, no matter how the market changes, rationality and calmness are always the most important when making decisions. Because in this ever-changing market, only those deliberate decisions can minimize risks and seize opportunities.