Supply and Demand are two very important factors affecting the housing market. Interest rates are also a determining factor in the housing market, especially relevant in pricing homes for sale. For the first time in 8 years, the federal government has chosen to raise the bar on interest rates not once but twice. Interest rates are still historically low, yet every fractional percentage rise will increase the monthly payment on a home. Now is the time to buy your dream home!
Here is an interesting link to an article on interest rates and inflation by the Kiplinger Tax Letter. Please skip the ad and continue on to the article.
If you are thinking of buying and/or selling a home, call me today for a free consultation.