Consumers are optimistic about the U.S. economy and real estate market. However, rising interest rates has many home buyers especially millennials concerned as buyers. 68% of buyers ages 18-34 are feeling a sense of urgency to buy a home before mortgage interest rates rise. 1 in 5 has a desire to buy now. 55% feel discouraged to feel the urgency to "buy now". With the right guidance from a skilled HMRE real estate professional, prospective buyers a can be empowered to start a home that meets there needs and financial objections. Tight inventory is also contributing to the the wait some, young buyers are saying that they will wait to buy a unit at entry-level that suites there needs even if the interest rates rise. https://youtu.be/LB-I9SgW3pI
Blake Papalia
Home Made Real Estate Broker
