Sunny housing outlook image via Shutterstock
Does that make any sense??
Higher Interest rates won't hurt housing
market??
You begin to read the Fannie Mae article and might wonder who had a drink too many before writing.
Yet, Fannie Mae is correct. The slightly higher interest rates won't hurt the recovery because:
1. Buyers realize that can't wait for "rates to
go down"
2. Decrease in distressed homes raises
values and move buyers to buy before
values rise more.
3. Housing shortage causes fewer
selections for a buyer as homes
sell faster than they come on the
market.
4. Home sellers waiting to sell will see
items 1-3 reported in the news
or in a blog(like this)
And the market will keep improving.
Read for your self below!
