Kirman continued that, “interest rates rose so fast and so high that buyers are still feeling the sticker shock.”
Even at the top the ultra-wealthy are hesitant to buy property right now. “They are uncertain if prices will continue to fall, and a good deal is important at any price level.”
Read the full article here: https://www.foxbusiness.com/real-estate/after-declining-weeks-mortgage-rates-increase
