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I would think the opposite. Greater access to mortgages means greater demand for homes, which drives price up.

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Agree

It's too early to say for sure. The impact of interest rate cuts on home prices can vary depending on the specific market and economic conditions.

The way the market is trending I don’t think prices will go down anytime soon

Lower rates will allow more people to move who are holding onto their current low mortgage rates, so more supply on the market.

Lower rates allow more buyers to afford more house/ enter the market, so more demand.

I haven't read anything definitive on which will have a stronger effect.

It's about supply and demand here in SD. So long as there's more people looking for homes than there are available, the price will continue to rise, irrespective of what interest rates are doing.

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