Palm Springs, Calif., has been a redoubt for snowbirds and show business royalty at least since the 1930s.
How Rising Rates Will Affect the Top 5 Housing Markets
July 09, 2015
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.
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