With interest rates rising, what will happen the real estate market? So many have asked me if we will see a crash? I think this quote from Lawrence Yun, NAR chief economist,, hits the nail on the head.
"Prices throughout the country have surged for the better part of two years, including in the first quarter of 2022," said Lawrence Yun, NAR chief economist. "Given the extremely low inventory, we're unlikely to see price declines, but appreciation should slow in the coming months." #NARQuarterly