Housing Market
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Understanding the Impact of Rising Interest Rates on the Housing Market and the Tax Benefits of Buying a Home
The rise in interest rates can greatly impact the housing market and the decision of whether to buy a home. As interest rates increase, the cost of borrowing money to purchase a home also increases, which can make it more difficult for potential home buyers to afford a home. In this article, we will examine the effects of a sudden increase in interest rates on the housing market and the tax benefits of buying a home, using an example of interest rates rising from 2.5% to 7%. When interest rates…
