How Do Rising Mortgage Rates Affect Real Estate? With Emilio DiSpirito
Mortgage rates rising may cause a “spur” in activity with more buyers hitting the market than we have already seen according to Ray Strum, Co-Founder, and CEO of San Fransico based Real Estate Investment firm AlphaFlow.
People’s gut reaction to a rising interest rate climate is bad, when in actuality, it is good. It means that the economy is doing better, people are making more, saving more and can spend more. Over time, interest rates rising will have an impact on the number of homes and properties that are sold though. We anticipate the market to show changes in 2019 and 2020.
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