In your opinion, how will the real estate market be affected when interest rates start creeping up again?

In my opinion, buyers will become "re-motivated" once we see the interest rates inching up, some buyers will find it harder to qualify. What do you think will be the outcome of the upward movement that is predicted historically low interest rates?

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Permalink Reply by Jeff Payne on March 29, 2011 at 2:40am

Unless the rates skyrocket, I don't think we will see much difference.  There is alot of inventory so the buyers have alot to choose from in all price ranges and if rates going up affect them, they will most likely opt for a lower priced home.  Our condo market will continue to see cash buyers that were priced out of the market in 2005 and 2006

Permalink Reply by Wendy Rulnick on March 30, 2011 at 1:40am
O - I think we will see stronger buyers, as we basically are now with new lender requirements.  It will hurt the lower-end purchases, and slow market recovery somewhat. 

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