new data released Friday by the NAR
"It’s certainly having its impact on the housing market, there’s no question about that," Jon Grauman, a founder and agent at the Grauman Rosenfeld Group in Beverly Hills, California told FOX. "A lot of people think interest rates are going up so housing prices are going to fall off a cliff. That’s actually not what’s happening," Grauman explained. The difference this time around, Grauman notes, is a supply and demand issue.
But as the market transitions, most experts agree that the strength of the housing market in 2023 will depend on next year’s mortgage rates.
Prices are staying the same because sellers are holding on to previous home prices. When rates were 3 percent. Yeah prices are staying the same doesn’t mean they’ll get what they’re asking once more investors/flippers start listing and undercutting market you’ll drops