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How many Real Estate Agents have told you that “you better buy now because interest rates are going up!” over the last 3 or so years? And where are interest rates today?
It’s not necessarily the fault of that particular agent, because the NAR has been crying Rising Interest Rates for years as well, obviously trying to scare/jostle/intimidate buyer into buying “now” (at that time).
Well, here we are, and interest rates are still finding historic lows, to the delight of many! trouble is, when in fact they do start to rise, no one will believe it…and many will be caught on the wrong side of the Interest Rate Timing, which will probably have a negative impact on sales….oh well.