Barb Schlinker The Real Estate Voice

Segment 3 – Will Housing Prices Fall As Interest Rates Rise?We air the Real Estate Voice show every Saturday, if you cannot listen to the whole show, it is available on Barb's site: BarbHasTheBuyers.com, OR search Barb & most podcasts like IHeart RadioBarb, The Fed has announced it will keep raising interest rates until Inflation drops to 2.0%. With it currently being way above that number, what impact will the Housing Market realize over rising interest rates? Rates Dropped Back into the Low 6.0s• Mortgage Rates are Down by 1%• Mortgage Applications UPDeep Dive: Health of Front Range County RE Markets• Per the FED: If Inflation does NOT come down, Rates will go Higher• Higher Rates are Driving Buyers Out of the MarketWhy – Affordability: Prices were up 40% When Rates Doubled so did PaymentsPer Moody’s Analytics, CoreLogic, and Florida Atlantic University: Housing Market in a Period of HISTORIC OVER VALUATION Compared to Affordability (income)• Home Prices Rose 35% - 41% over past 2 yearsThe Big Pict