The real estate market is growing and there is no “interest rate”. The central bank is holding a board and supervisory meeting this Thursday (15th). It is estimated that the interest rate will have increased by half a meter and the mortgage interest rate will be close to 2%. High, and the threshold for buying a home has also reached a new high. The Joint Recruitment Center recently announced that the estimated average price is 12.18 million yuan, which is more than one million yuan higher than before the outbreak, and also set a new high after the statistics. Xu Jiaxin, senior manager of the property planning and research bureau of Zhushang Real Estate, believes that,Inflation supports the market and it is difficult to reduce the price of new homes.Interest rates have risen in tandem with house prices, squeezing buyers’ purchasing power.
Interest rates and house prices are rising and the purchasing power of buyers is declining
The Joint Levy Center recently released home loan statistics for the third quarter of this year. Since the central bank raised interest rates in March, the average interest rate on home loans has risen significantly. In the third quarter of this year, it was 1.84%. , an increase of 0.39 percentage points over the same period last year. The level of the annual interest rate and the estimated average value show that the average total home purchase price in the third quarter of this year was of 12.18 million yuan, which was more than one million yuan higher than before the outbreak, and also set a new high after the statistics.
Lang Meinan, deputy director of our housing planning research office, said the central bank raised interest rates by 2 yards this year. Although the average interest rate is still relatively low in history, house prices are increased and the average total purchase price increased Compared with before the outbreak, interest rates and house prices Qi Yang, squeezing the buyer’s purchasing power.
Low interest rates become a thing of the past, pressure on mortgages increases
The estimated average value in the third quarter of this year was 12.18 million yuan, a new high from the statistics of the Joint Levy Center. Looking at the data changes, the average estimated value has started to exceed 11 million yuan in the fourth quarter of 2019. After the first quarter, the average appraisal value exceeded 12 million yuan, the average mortgage interest rate remained at 1.45~1.47% from the third quarter of 2020 to the first quarter of this year. Increased by half a meter, the average mortgage interest rate went from 1.45% to 1.84% in just one year and the mortgage family was very impressed.
According to Lang Meinan’s analysis, although the transaction volume of the real estate market has been significantly impacted after this year’s interest rate hike, house prices have not consolidated due to it. The new projects Launched by builders still maintain high prices, and there are no regional price cuts for new projects that are still in the sale period. Due to financial pressure from the builder or homeowner, there is a profit concession, and since real estate and land integration 2.0 is launched, the tax rate will be high within 5 years of holding When the market is short, if the seller has no urgent need for funds, the freeze period for the sale From 2 years over 5 years, the overall house price has not yet shown a downward trend and the average total purchase price has not soured; in terms of interest rates, due to the need to consider inflation and the international economic situation, the central bank will follow the US Federal Reserve to raise interest rates In the cycle, if it has increased by half a meter, the interest rate average loan interest will approach 2%, which is a double pressure on house prices and interest rates for home buyers.
Expert’s perspective: Inflation is supporting the market and it is difficult to reduce the price of new homes
Xu Jiaxin, senior manager of Zhushang Real Estate’s property planning and research bureau, believes the central bank will hold a board of directors and supervisors in the fourth quarter. This year’s market conditions due to continued interest rate hikes the central bank have made the housing market buying sentiment cold, but inflation and profits in the past two years, unless there is a super negative, However, developers have no willingness to lower prices.Although currently there is firm support for self-consumption, if interest rates continue to rise, it is possible that sellers will cut prices to stimulate the buying momentum, however it is difficult to expect prices to fall sharply in this market wave .
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Ye Yiru, special correspondent of Yahoo Finance: 22 years of traditional financial media experience, from the Web 1.0 bubble in 2000 to the Meta universe’s Web 3.0, witnessed the history of the rise and fall of large and small business groups in Taiwan, and experienced five financial businesses international crisis. Think that finance is life, omnipresent, no matter how difficult it is to explain the knowledge of financial management in a simple way. No matter you are young or old, you should manage money, if you don’t manage money, money will ignore you.
