Nov '22 in General discussion
Interest Rates Impact On The Prices Of Homes
Ever wonder what happens to the prices of homes as the interest rates go up or down?
Basically, the higher the interest rates, the lower the price of homes as less people are looking to pay a higher interest rate... which makes it a good time to buy as it is less competitive.
As interest rates fall, more people are looking to buy as they look at the lower payment, but that leads many other people to buy which drives the sale prices higher due to several people bidding up the same house.
It is never bad to invest in real estate either way, but if you can buy when prices are a little lower, you can always refinance when interest rates come back down!
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Interest Rates Impact On The Prices Of Homes
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