Interest rates effect on the market?

[Ben Boru]

What kind of effects will the economic changes have on the market and how soon?

Just don't want to end up screwing myself out here!

[Marshall Leipprandt]

@Ben Boru Anyone trying to give you a decisive answer here is making an educated guess at best. These are all things that factor in to some degree, but how exactly they will intermingle to affect property values is to be determined:

-Interest Rates & Affordability, Low Inventory, Limited New Builds, Inflation, Real Estate Tax Laws, & the list goes on.

We won't know exactly how things will shake out until it's already happened. Hindsight is always 20/20. However, you can still make informed decisions which are best for your personal goals and unique circumstance. That is what real estate is all about. There will be a line of people telling you what you should and shouldn't do, but at the end of the day you have to make decisions for yourself from an educated and financially prudent perspective. 

In my very humble opinion, I think purchasing now solely with the intention of selling at a profit 1 year from now will be much riskier than purchasing now with a plan to hold for 30+ years. Everything I have bought so far and continue to look for are long-term investments and that is how I have chose to set up my current investment strategy.