Tre Pryor Interview: Interest Rate Hikes’ Effect on Real Estate
Once again my friend and past client, David Mattingly, asked me to be interviewed on WAVE3 news. Today’s topic was interest rate hikes’ effect on real estate, specifically our Louisville market.
It’s not surprising that recent interest rate increases by the Fed are needed. After all, it’s one of the only ways to combat our skyrocketing inflation. But there are always consequences.
In real estate, it translates into home buyers being forced to settle for “less home” for the same amount of money. We also talk about how interest rate hikes’ effect on real estate is only making things worse for Louisville home buyers. Now their buying power is reduced on top of already low housing inventory.(more…)