The housing market is enjoying a wonderful period of recovery, and much of that has been due to the lower interest rates that have encouraged people to make the decision to purchase a home. With the Federal Reserve making plans to hike up those interest rates in the near future, it leaves Americans wondering if the housing market will once again falter.
Good Reports From Economists
There appears to be good news on this subject from a recent Reuters poll of top economists from across the country. A total of 20 out of the 22 economists that were surveyed agreed that the housing market is absolutely capable of standing up under the Federal Reserve’s planned rate hike.
These economists believe that the market will remain resilient due to a variety of factors that include an increased demand for houses from the millennial generation and the rise in the creation of new jobs that are available to those who want to purchase their own home. They also agree that the rate hike will encourage those would-be buyers who have been on the fence about whether to buy a home or not to take the plunge and buy before the interest rates go even higher.
Enjoy Low Interest Rates Now
It’s still possible for those looking to purchase a home to lock in today’s low interest rates before the rate hike occurs. Visit with your local real estate agent today, so that you can find your perfect home at a better price.