In the last two years, rates have been abnormally low, which has created an incessant demand, and an unlimited supply. All of that pushing home prices up higher and out of reach for first-time, homebuyers just a few months ago, the market was intense and it still is. Here's a quick recap of this episode. Listen to the full 8 minutes to get the details on the four reasons higher interest rates benefit buyers.
1. Demand is slowing down.
2. Supply is sitting on the market a hair longer - it's a bit calmer.
3. More supply, less demand = slower price growth. That's simple economics.
4. With higher interest rates you have higher savings rates.
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