Huntsville Interest Rates Are Rising
The Fed announced six interest rate hikes in 2022. The question is what will rate hikes mean to the Huntsville real estate market and are we going to see a real estate crash this year? Before we answer that, let’s recap on what created this historic sellers market with both record low inventory and record appreciation.
#1 - Housing Deficit
We have a 5.5 million home deficit in this country that dates back to the 2008 housing crash. Builders slowed down the supply of new homes in this country but we continued to have family formations which created that 5.5 million home gap.
Due to this deficit, we now have record low supply of about 800,000 homes nationally. Normal supply is…
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