There has been a lot of attention on the current trend of both increasing home prices and mortgage rates. Some of the attention has been due to arguments over whether house prices should drop when mortgage rates rise. That all seems logical, but this is rarely the case for reasons which we will discuss in the next section.
Shouldn't Scottsdale Real Estate Prices Decrease if Interest Rates Increase?
The theory of home prices decreasing is typically discussed by those people who are looking for a home to purchase. If you are a homebuyer, you like to think you are getting a good deal by paying more for a home, and you should be able to see a decrease in price somewhere else as well. Unfortunately, there are several causes for home price increases…
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