Here’s what you need to know about our shifting real estate market.

The only constant in life is change, and our real estate market is changing every day. Rising interest rates affect both buyers and sellers, so today I want to talk about what they mean and how they’ll change our market going forward. While rising interest rates affect buyers’ purchasing power, they’ll also impact sellers’ expectations. 

You can listen to my full explanation in the video above or skip to each topic using the timestamps provided:

0:00 — Introduction

0:49 — Sellers’ expectations will change

2:02 — Prices won’t drop, but appreciation might slow down soon

2:59 — Buyers’ affordability will change

4:22 — Some buyers will have to adjust their budgets

5:02 — Prices aren’t coming down anytime soon

5:56 — Do not panic sell

6:41 — Wrapping up today’s topic

If you have questions about today’s topic or anything else, please call me at (626) 347-5987 or email chris@ehomesteam.com. I look forward to hearing from you.