How to make housing decisions in a rising rate environment.
We’ve been getting a lot of questions about the housing market. We’ve seen the Fed basically increase interest rates at an accelerated pace over the last year. And they are looking to still continue to do a couple more rate increases. So what do you think about that and how do you think about the different housing choices knowing that we’re in this rising interest rate environment?
And we don’t really know how long rates are going to stay high. To make it more interesting, the rising interest rate environment is on the back of a very fast-moving real estate market since 2020.
So we’ve got a double whammy of housing prices going way up and then interest rates going way up. It’s really changed the math of home buying lately. Despite this, there are not a lot of houses on the market but there are still a lot of people looking to buy houses.
Too few homes for too many buyers right now.
The pandemic and all the supply chain issues that we’ve talked about on this podcast before have not helped the situation.
Join us, Dave and Nick, as we delve further into this issue and offer financial tips for those who are thinking about buying and or selling a home in the current financial environment we find ourselves in.
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