Alabama Real Estate Practice Exam 2026 – All-in-One Guide to Master Your Real Estate License!

Interest rates are one of the key economic factors in real estate. Interest rates affect the affordability of mortgage payments and can impact the demand for housing. Higher interest rates make it more expensive to borrow money for a home purchase, which may decrease the demand for housing and potentially lower home prices. Lower interest rates can have the opposite effect, increasing demand and potentially raising home prices. Building codes and zoning laws are regulatory factors, while population growth is a demographic factor in real estate.