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In our economy, interest rates have always played a pivotal role in shaping trends, influencing buyer behavior and ultimately determining a market’s vitality. Recently, another significant uptick in interest rates has sparked widespread concern and curiosity among real estate investors, homeowners and industry professionals.
Interest rates represent the cost of borrowing money, influenced by a myriad of factors including economic health, inflation and monetary policy decisions by central banks. High interest rates are typically a response to an overheating economy or rising inflation, used as a tool to temper economic activity and stabilize prices. For the real estate market, this translates
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