Feds are raising the interest rates, home prices and interest rates normally flow in opposite directions. It will be interesting to see if the current sellers market can hold up after July. If your selling list immediately, if your buying try and bide your time if you can for a few more months, you should be able to make up the increased interest rate with decreased home prices. I believe it's only a matter of time until the current housing bubble bursts, but will it be weeks, months, or years is the question.
Thomas Brady SFR,
e-PRO, SRES, BPOR
Licensed Real Estate Associate Broker
Retired N.Y.P.D. Lt., U.S. Air Force Veteran