The market over the past few years has been tough for buyers, to say the least. However, now that interest rates are on the rise, we have seen buyers backing out of the market, not wanting to “overpay” for a home.
The ideal scenario is to buy a home when both interest rates and home prices are low, but that isn’t always possible. So, as you’re considering home prices versus interest rates, it’s important to keep in mind that one isn’t necessarily better than the other.
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