If you need assistance, please call 610-709-5147

Interest Rates May Stabilize Our Market

Thursday, March 31, 2022   /   by John Salkowski

Interest Rates May Stabilize Our Market



Rising interest rates may stabilize our market, but not by lowering prices.


Will home prices go down as interest rates go up? In short, I don’t believe prices are going down anytime soon.

Interest rates are going up, and that will limit buyers’ purchasing power. You may see things stabilize. We might not have as many multiple-offer situations and offers over list price. However, I don’t see prices going down.

Our market has been crazy with all of these multiple-offer situations. We need something to help it stabilize, and I believe interest rates will do that.

If you have any questions about this or another real estate topic, feel free to call or email me and my team. We would love to help.

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which {companyName} participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. © 2022 BRIGHT, All Rights Reserved Information Deemed Reliable But Not Guaranteed. Data last updated: May 18, 2022 4 AM.
This site powered by CINC: www.cincpro.com