The Federal Reserve is raising interest rates to crush inflation, especially housing inflation. Therefore, real estate prices will level off or even decrease in some cases. The interest rate increases may even lead to a recession in late 2022 or early 2023, so be on the lookout for softer real estate prices and buyers willing to negotiate on prices and terms. To learn more about the direction of the 2022 – 2023 real estate market, click here.
The opinions expressed herein are solely those of the Author/WebMaster. Before taking any action, please consult your real estate, financial, and legal advisors.