As interest rates increase, many are left with the question if they should still sell their home or wait. Same goes for those that want to buy a home, do they wait for the market to drop or continue looking for their dream home. From what we have noticed from the recent years, house prices are only increasing.

If you are planning to wait until the interest rates go back to the 3-4% that it was before, you are going to miss out on the supply of homes that are for sell now and the” low” prices that you are being provided right now.

The data below, provided by California Association of Realtors, displays the market data from the month of July 2022 in California.

According to the association of realtors, they predict that prices are going to increase by 10%, showcasing the rise of prices that is yet to come. The demand is going to remain due to the large amount of new home buyers.