3/7/22, 1:41 PM
Why are Houses So Expensive Right Now? | Tal Rappleyea - Real Estate Law
a
Why are Houses So Expensive Right Now? by Tal Rappleyea | Mar 7, 2022 | Real Estate, Tal Rappleyea
It’s no secret that housing prices have been on the rise lately. It seems like houses are getting more and more expensive in some markets every day. So what’s causing this trend? Here are the top 7 reasons why house prices are going up:
Low-Interest Rates When interest rates are low, it’s cheaper for people to borrow money. This makes buying a house more affordable, which drives up demand and raises prices. The Federal Reserve has been keeping interest rates low to stimulate the economy. And although they’ve been slowly increasing them lately, they’re still relatively low by historical standards. This is good news for buyers in the short term. But it could lead to inflation and higher interest rates down the road in the long term. So if you’re thinking of buying a house, now might be a good time to do it.
Strong Economy talrappleyea.net/why-are-houses-so-expensive-right-now/
1/3