Are Higher Interest Rates Hurting The Real Estate Market?
Not yet and in fact it may make things a little better. Why do I say that? Because everyone was reading and hearing in the media about rates of 4.5% and getting greedy with setting targets for where they want their interest rate. I have explained many times that they can go up as fast as they can go down. This may get people to get moving and purchase sooner in anticipation of higher rates.
I think the Fed will continue to keep rates low and although they have gone up they are still at historic lows.