Interest Rates and the "Wait and See" Trap
Posted by MaxWell Realty Admin on
Interest Rates and the "Wait and See" Trap
Every time interest rates rise, a certain category of buyer steps back from the market and decides to wait. They are waiting for rates to come down. They are waiting for prices to drop. They are waiting for the market to make more sense. They are waiting for conditions that feel less uncertain.
Some of them wait for two years. Some wait for five. Some are still waiting.
This is not an argument that buyers should rush into purchases they are not ready for, or that timing the market doesn't matter at all. It is an argument that the "wait and see" approach to real estate has a specific set of costs that buyers rarely calculate, and that the waiting strategy often does not deliver the outcome they are…
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