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By
Real Estate Agent with Atlanta Communities 303302

Interest rates are going up. On the news this morning the talking heads were saying the Fed might raise interest rates again this month by a full percentage point to combat the 9.1% inflation rate. This will translate into higher rates for mortgages among many other things. 

This will dampen the demand for homes temporarily as consumers figure out what they can afford with the new higher rates. Some buyers will be priced out of the market. The slowing demand for homes will also slow the rise of home values, stabilizing the home prices for homes on the market. We will also see the days on market climb above the recent lows.

What does all this mean? It means we will be back to a more normal market. It will take some adjusting by buyers and sellers causing a dip in sales, but by spring I think we will be back to the new normal. 

Posted by

Peter den Boer, Associate Broker, Realtor

Atlanta Communities Real estate Brokerage

 

Ph. 770.713.1545

www.denboerhomes.com

 

I write about daily life as a Realtor in the Towne Lake Community in Woodstock Georgia.

Comments (5)

Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning peter,

Good article. I think Rocky Dickerson made a very good video on his post this morning. We need to keep our eyes on Inventory, Interest Rates and Inflation then use Ingenuity in planning our strategies!

Jul 14, 2022 05:46 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Thank you for the great information in your blog today to share with us here on the Rain.  Make it a terrific day! bill

Jul 14, 2022 06:19 AM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

This is an excellent post with great information. Thanks for sharing it.

Have a super fantastic week!
Joe Jackson, Realtor-KWCP

Jul 14, 2022 07:02 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Peter - the business cycle continues.  The shift is happening.

Jul 14, 2022 07:45 AM
Roy Kelley
Retired - Gaithersburg, MD

I was looking for your current posts. I hope your summer was very productive.

Sep 28, 2022 06:25 AM