Do You Think Rising Interest Rates will Change Housing Demand?

[Zac Lindquist]

Hello All!

Interest rates have risen from 3.17% to 3.7% in the span on a month. To put this into perspective of how fast that is for those that do not follow, it was predicted that around 3.6% is where they would be at the end of 2022. Since they have gone up so quickly and making it even harder for buyers to get into a home, do you think this will slow up housing demand?

I look forward to reading your responses!

[Joe Splitrock]

@Zac Lindquist interest rates will affect pricing and could affect demand. Raising interest rates is often done to cool a market, which means reduce demand and stabilize prices. Rates are still pretty low, so I don't expect a dramatic effect, but definitely something to watch.