Talking about Price Increase| The Lafayette Market Update (June 7, 2022)

What will happen to home prices as interest rates rise?

We are in a fundamentally different environment than what we had in the past. When inventory is low, home prices will continue to rise. Inventory is still very low, and that’s the driving force of rising home prices. Inflation is driving the increase in mortgage rates! If you are a homeowner, investor, or interested in buying a home in Lafayette, find out how our sales, supply, pending, and Interest rates are holding up thus far. Keaty has all of the data that you need!

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