Home Price Predictions From Experts
Posted by Tamara Williams on
Mid-Year Home Price Predictions from the Experts
Last week, the Fed announced that it would lift its pause on interest rate hikes, raising rates by 25 basis points (0.25%). The current rate is the highest it’s been since March 2001. This move is a further attempt at directing the economy toward a “soft landing,” or a gradual slowdown that curbs inflation while avoiding a full-blown recession.Because homebuyer activity is tied to mortgage rates, this development could have a significant impact on the housing market in the United States. Buyers are still struggling with affordability, which drives demand down. That means home prices should come down too, right? Not quite—and the reason is low…
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