April 1st, 2022

​​​​​​​The spring housing market has entered unchartered waters. The Federal Reserve issued a significant mortgage interest rate increase and in theory, rising mortgage rates should take some steam out of this hot housing market. Will the housing market maintain its explosive growth in the face of rising mortgage rates? Some forecast models predict the housing boom will continue well into 2023, while others forecast that increasing rates will cause significant cooling in the market. For now, there still isn't enough supply to match the demand. Even if higher rates price out some buyers, it wouldn't be enough to alleviate the difference in the lack of supply and the high demand in the immediate future. Contact us to discuss your unique home buying or selling situation.

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