Will Higher Interest Rates Slow Housing Sales?

Summary

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In response to positive U.S. economic & labor reports, interest rates have risen slightly in recent months. Nonetheless, rates remain near historic lows, and home ownership is still just about the most affordable it has been in the last 40 years. While higher interest rates can affect real estate demand, a better predictor of future home sales is the overall strength of the economy. Recent data showing low unemployment, higher wages, and continued job stability will likely continue to support consumer confidence & drive continued home sales throughout 2018. 

 

  • Timeliness: Immediate
  • Expiration: December 31, 2018

Talking Points

  • Following an extended period of stability, global markets experienced a return to volatility in early 2018

  • While interest rates have risen slightly in response to positive U.S. economic reports, they remain near historic lows, and home ownership remains affordable.

  • A strong U.S. economy with low unemployment, steady wages, and high consumer confidence will continue to support a healthy real estate market.

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