Another potential problem for people who want to buy homes is mortgage rates that are on the rise. A recent poll shows that the average mortgage of 30 years is going to rise 4.6% this year, and then 5% by the end of 2019.
Questions from the American People:
- How can current homeowners benefit from rising house prices? When is the best time to sell?
- With higher demand for homeownership and a lower supply, will more Americans opt for condo living?
- If this trend continues, how could it change the physical landscape of America?
