Swirling Seas of House Buying
In the whirlwind of uncertainty over the past two years, perhaps nothing has been more dramatically turbulent than the housing market. With most houses selling rapidly and far over the asking price, waived appraisals and inspections, and cash offers never before seen, the fast-paced environment definitely favored the sellers. But the fear of inflation and the rising interest rates have the market cooling off, and no one is quite sure where the market will end up. Rising Tides One of the most prominent reasons for the housing market’s recent cold shower is the speedy increase in interest rates. According to the New York Times, “Since December, mortgage rates have nearly [...]
