Shifting or Shifted?
Here we are, well past the mid-way point of 2022, and finally it seems the red hot real estate market is not feeling so red hot. In our last article, we played out how rising interest rates could affect Buyer affordability. Well that was in March, and rates had gone from 3 to 4%. At the time it seemed drastic, and a Buyer’s monthly cost increased by a whopping $300/month. We posed the following questions… how long can prices continue…