How Rising Rates Will Affect the Top 5 Housing Markets
Not everyone sees the upcoming rise in rates as a bad thing, HousingWire reports. With data from Credit Suisse, HousingWire forecasts how the top 5 U.S. housing markets will be affected by rising rates.
In Phoenix, sellers have seen that a combination of rising rates and prices is giving buyers an incentive to quickly close on a transaction. In Washington, D.C., however, a local real estate agent said that the rising interest rates, prices, and people vacating the city made housing activity slower than it was in May.
Sign up for Pro Builder Newsletters
Get the latest news and updates.