Manage episode 329017082 series 93399
We’re back! The world may seem like it’s getting back to normal, but the real estate market is still changing rapidly. In about a month, interest rates jumped from 3% to 6% and ending the years of all-time low interest rates. Living in Silicon Valley, it’s hard to believe that anything could touch our real estate when its inimitable uniqueness keeps the job market strong – but is Silicon Valley invincible to levels of inflation we have never seen before? Joe Cucchiara explains what drove interest rates up so quickly and what homebuyers and sellers can expect going forward.
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