Economist says interest rate hikes expected to gradually slow home price growth

Описание: REA Group Senior Economist Angus Moore says it is still too early to gauge the full impact of recent interest rate hikes on the housing market.

“It is probably too soon to see a big effect from rate hikes,” Mr Moore said.

“We’d expect that higher rates are going to slow the pace of price growth for the simple reason that, when rates go up, borrowing capacities come down, so people just have less that they can spend.”

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