The Interest Rate Problem:
Since early 2022, Interest rates have been on the rise, and they have risen FAST. Since then, those of us that are buying or selling in the real estate market have all been reminded of one thing: higher interest rates are a PAIN. Higher interest rates directly influence higher monthly payments - higher payments then increase the financial burden of purchasing a home. This may mean missing out on being in a certain neighborhood you want your family to be in, a school district you want your kids to grow up in, or the dream home you've always wanted.