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Economists got it WRONG! Home Prices SOAR despite HIGHER mortgage rates. But why?

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Brian Fitzpatrick - Boston REALTOR®️

Home prices reached a new high in Q3 2023, despite higher mortgage rates. With steady homebuyer demand and a shortage of housing inventory, prices went up. Just about all housing economists called for home prices to remain flat or go up slightly. New England saw the sharpest increases with home prices up nearly 10% YOY!

Link to article: https://www.housingwire.com/articles/...

Brian Fitzpatrick – REALTOR® (Boston, MA)
Lamacchia Realty
451 Main St.
Waltham, MA 02452
MA License # 9569380
https://www.brianfitzrealty.com/
[email protected]

posted by gorda48ji