Higher Mortgages Rates, But Still a Seller's Market in Real Estate
Andy Alloway, owner of Nebraska Realty and a director on the Omaha Area Board of Realtors board, says that steadily rising mortgages rates are pushing buyers to try to lock in and quickly close on their new home purchases. Alloway explains why normally that would dampen the market but this time it is still a very hot market favoring sellers.