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Also about 40-percent of homes in America have no mortgage on them. If you own one of these homes (and never took out a second mortgage) selling it and moving t

Also about 40-percent of homes in America have no mortgage on them. If you own one of these homes (and never took out a second mortgage) selling it and moving to a house of similar value is not really effected by interest rates. This is way more the case for older people, but still possible.

madaxe_again 3y ago
You tend to achieve less value if interest rates are high, as the buyer will typically need a mortgage, and the pool of prospective buyers decreases as borrowing costs rise, and supply and demand does the rest.
- peter422 3y ago
  But in that example a person is selling one house to buy another (presumably a cheaper/smaller one). Market conditions will even out.
- riku_iki 3y ago
  > to achieve less value if interest rates are high it could be more value compared to the future when interest rates may be even higher