When interest rates rise - what will happen to my property value??

[Steve Candor]

If and when interest rates rise wouldn't it make my property go down in value? Does this affect single family? Multi family? 

[Mike H.]

I think thats a question that requires more info to answer.

The answer depends almost entirely on why interest rates would be going up.

Are rates going up because the economy is booming? If so, then inflation is going up. If inflation is going up then the price of homes are going up too.

So that would be my answer with the added assumption as to why interest rates are going up. If you can foresee some other reason why rates are going up and the economy is not booming, then I might want to reconsider depending on the reasons why rates were going up.