In trying to understand the Feds changing interest rates, it is understandable to think that if the Federal Reserve is using interest rate increases to slow consumer demand, that it would also slow homebuyer demand to moderate prices. Unfortunately for would-be homebuyers, it isn't the case. In some markets like mine, most home sales have all been for cash. Those purchases have been made by affluent buyers and/or investors. Buyers who are looking for more affordable homes and mortgages will continue to be at a disadvantage.
