Yesterday, Laura Kusisto wrote a fairly extensive piece on the current and projected state of the housing market in light of the likelihood that interest rates will continue to rise for the foreseeable future. It’s a good read, and this is oversimplifying, but, to put it in a nutshell — consensus seems to be that, given the rate at which rents have increased, modest increases in interest rates are unlikely to knock home shoppers out of the market in all but the most expensive cities around the country. What’s your take? How much would rates have to rise before you were no longer house shopping?
