![Increased Interest Rates’ 7%, Effect on the Housing Market](https://financenews4me.com/wp-content/uploads/2023/08/Untitled-design-9-600x400.png)
Increased Interest Rates’ 7%, Effect on the Housing Market
The recent increase in interest rates has had a substantial effect on the real estate market. According to a recent poll carried out in several districts, the possibility of homeowners selling their homes virtually doubles if their interest rates are 5% or more, yet the majority of homeowners have rates below that mark. According to…