Now that the FED has stated that it will likely begin to raise interest
rates in 2015 many are concern that higher rates will mean lower home
prices since buying power will be reduced.  To some degree that is true
but exactly what happens depends a lot on the overall health of the
economy.  If people are employed and have job stability they will buy
homes.  The increased demand will subsequently increase prices as
inventories drop. It becomes a function of supply and demand.

There have been many times in recent history where the interest rate has
increased significantly with home prices following them.

Given that we are in one of the most resilient economies in the country it
is very unlikely that a slow rise of rates will have little impact on home
prices.

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email