As kids in Israel return to school, and the fall season starts, there are some exciting developments in the Israeli real estate world. 

This afternoon, The Bank of Israel announced that it has lowered interest rates for the second consecutive time, bringing the rate down to 3.25%.

Following the announcement, the dollar rose by 1% to ₪3.02. 

Meanwhile, the Building Index on the Tel Aviv Stock Exchange jumped 5.5% - investors anticipate that lower borrowing costs could encourage more buyers to return to the real estate market.

For homebuyers, this could be an important signal that market conditions are beginning to shift.