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Rainmaker
4,494,195
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Why would it crash. I remember the days when rates would drop to 7.5% and buyers would rush to buy to lock in the "low rates." Real Estate sold with rates pushing 20%. Besides, we still don't see enough housing available to match demand and housing formation.

May 10, 2022 08:10 AM
Rainmaker
1,430,661
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

No.  Sputter and stall, maybe.  Crash, no.  We may see a more balanced market, but not a crash.

May 10, 2022 07:57 AM
Ambassador
2,608,798
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Yes

May 10, 2022 06:59 AM
Ambassador
3,158,850
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Crystal Crystal Crystal Ball 

What's the writing on your Wall? 

My Crystal Ball does not see a "crash". 

May 10, 2022 09:31 AM
Rainmaker
916,048
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Crash? I don't know what that measure is. I don't see any 'fake' money in the economy that Bank of America created leading up to 2008.
I remember 18% and homes were bought and sold.
And 12% and homes were bought and sold.
7%, not a sweat. Sales volume will go down slightly, a thinning of the agent herd, then business as usual.
However, for the buyer who is a W2 earner and inventory remains suppressed, their plans may require significant compromises.

May 10, 2022 09:20 AM
Rainmaker
1,025,002
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Crash? No. Slow down? Most likely. The inventory shortage is the big problem. Less demand due to rising rates may eventually solve the supply/demand imbalance.

May 10, 2022 09:18 AM
Ambassador
3,403,404
Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Well since interest rates were over 10% when I started in real estate and continually went down little by little - when they got to 7% that seemed like a good deal back then.  I don't think interest rates will be the reason the market slows down or comes to a screeching halt. There are bigger factors going on that will play a much larger role in a 'crash'.

May 10, 2022 01:28 PM
Rainer
155,427
Karen Climer
Demetree School of Real Estate - Orlando, FL
Teaching people to pass the real estate exam

no

May 10, 2022 12:00 PM
Rainmaker
2,691,624
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Crashing is out of the question as there is no bubble or boom at work but a normal Real Estate cycle running its course. Acts of man are absent and acts of God, well, so far so good.

May 10, 2022 09:50 AM
Rainmaker
849,622
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

NO!!!

May 10, 2022 03:30 PM
Ambassador
5,756,345
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

No

May 11, 2022 03:40 AM
Ambassador
2,784,629
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
St. George Utah Area Residential Sales Agent

May 10, 2022 04:33 PM
Rainmaker
696,043
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I don't see interest rates going above 6.25%.  The market is going to crash eventually no matter what we do.

May 12, 2022 10:59 AM
Rainmaker
1,056,363
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

No crystal ball. My unqualified opinion is we will see interest rates at 8 or 9 percent before summer's end. Not sure about a market crash but a business cycle correction is due and the way the economy is going it will be a simultaneous correction

May 11, 2022 09:14 AM
Rainmaker
4,570,487
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

If you look back in time, 8% was a ceiling for slowdown. As rates continued to rise, somehow 8% looked terrific. When rate were near 20% APR, people still bought and sold. I know from experience.

While the number of people who can qualify for certain properties may drop, those qualified still participate. 

May 11, 2022 04:34 AM