Stacey Posted December 30, 2021 Share Posted December 30, 2021 Inflation seems to be showing no signs of slowing down. Gas, food prices, utilities are all on the rise and it seems like the housing market is still struggling to meet the demands of people shopping for homes. Do you think prices will continue to go up? What about interest rates? Quote Link to comment Share on other sites More sharing options...
Ella Posted December 31, 2021 Share Posted December 31, 2021 Interest will for sure. I read projections expect it to hit 7% by December 2022. Best time to buy would be Jan to April, from April on the interest rates are expected to double. Not sure about housing cost overall though. Quote Link to comment Share on other sites More sharing options...
Scarlett Posted January 3, 2022 Share Posted January 3, 2022 I read that house prices will likely rise again because they are in demand and not enough houses are for sale, especially for areas outside the city suburbs. Interest rates at their worst was in the '80s I think and the highest I remember reading was 22%! Lets hope it doesn't get that high again. Quote Link to comment Share on other sites More sharing options...
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