Interest Rate increases and who they affect

[Ryan Rutoskey]

I know that interest rates are going up for homes. It's all over the news and other media outlets. However, I was wondering who this affects more. I know that investors have cash, private money and flippers can use hard money to enter and exit a property as they need too. So do these increases in rates really hurt retail buyers and long term holds?

I am just looking for some insight to better understand the implications on the housing market that these rate changes will bring. 

[Steven Foster Wilson]

Quote from @Ryan Rutoskey:

I know that interest rates are going up for homes. It's all over the news and other media outlets. However, I was wondering who this affects more. I know that investors have cash, private money and flippers can use hard money to enter and exit a property as they need too. So do these increases in rates really hurt retail buyers and long term holds?

I am just looking for some insight to better understand the implications on the housing market that these rate changes will bring. 

 I think that it is going to affect first time homebuyers. They will spend more and their rates will be more. Investors I think considering how to buy down rates or the investment is still cash flowing so it is not that big of a deal. It was just a matter of time before rates started to go up. Honestly, in 10-20 years I think we will look back at these rates and wish we would have bought more at this time.