The National Association of Realtors reports that in the first quarter of home prices actually rose in out of metro markets around the country That happened even as the Federal Reserve continued to raise interest rates pushing the average mortgage rate to nearly This isn't how things typically work When mortgage rates increase prospective buyers typically bow out resulting in fewer sales which then causes prices to fall That's Economics When demand falls so do prices But that's not happening partly because demand is not falling Prospective home buyers have apparently gotten used to the higher rates and are staying
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