Analyzing the Impact of Increased Interest Rates on Buyer Affordability and Seller Expectations.
The year 2023 has unfolded with its own set of unique challenges and opportunities in the real estate sector. Central to the discourse is the role of price negotiations in shaping transactions. While the mechanics of a property deal are complex, one element has been particularly instrumental this year: interest rates. This article delves into how interest rates, particularly their rise, influence buyer affordability and shape seller expectations, eventually determining why some homes remain...