Podcast - 060: Will increasing interest rates drop the price of homes?

In this episode realtor Anthony Luevanos and lender Angel Luevanos discuss increasing interest rates and their impact on home values. Since September, interest rates have increased by 1%. Does this mean that homes will sell for less? As interest rates increase, purchasing power goes down. Consequently, you can now bid less for homes, which decreases home prices. However, there are other factors to consider.