When it comes
to economic predictions,
the global pandemic
has defied every logic.
What do you need to Know
About the Future of Real Estate?
Buyers
Since the end of 2021, mortgage interest rates have been on the rise after nearly two years near or below 3%. Rates are still low from a historical perspective, but much higher than recent months this year so far.
With higher interest rates, the total cost of a home for buyers rises even beyond already sky-high prices.
Sellers
Rates are increasing at a fast pace and show no sign of stopping
anytime soon. Rising rates can reach an inflection point where some buyers would have to drop out of the market.
For sellers looking to get top dollar for their home, it might be smart to sell a house before rates rise any higher.
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