On this week’s episode of Macro Markets, Cointelegraph analyst Marcel Pechman discusses the real estate markets, highlighting stagnant mortgage demand, attributed to rising rates. With an average 30-year fixed-rate mortgage interest rate of 7.27%, refinancing and home purchase applications have dropped significantly.
Still, Pechman speculates that house prices might rise if inflation continues to grow. While some sellers may be distressed, real estate, especially urban residential, has historically been a reliable store of value. He concludes by highlighting that other investment options may not provide a safer haven in the current economic climate.
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