Agreed, this interest rate rise has nailed me firmly on the fence.

We all know that rising interest rates means lower home prices as it knocks more potential buyers (demand) out of the market.

The last thing I want is to run out and purchase just because rates are going up, just to get hammered with decreasing home values…

Give it until beginning of February and we will start seeing many sellers realizing they need to lower prices if they really want to sell.