Wasn’t the market supposed to crash when interest rates rose?

Rates are now at 4.5%.

People are paying $625/month more for a $500k mortgage than they were a year ago.

So why aren’t homes taking longer to sell? Why aren’t prices coming down?

More people need homes in America than at any point in our history.

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This person sold their home to an ibuyer, in this case Offerpad, for $755,000. It never went on the market.

Offerpad then put it on market a few weeks later and sold it for another $112,000 without putting a dime into it other than a professional cleaning.

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People underestimate the purchasing power of the dual income household.

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