Home Builder Buying Is Down While Rates Rise

By Thomas P. Roussel | September 26, 2023


Edward Fernandez, president and CEO of 1031 Crowdfunding, joined the Schwab Network to discuss CRE data and other real estate trends to watch. Fernandez explains his thoughts on home prices given the high interest rate environment. “Prices are still continuing to go up and that’s not normal. The reason for that is that none of these sellers want to give up their trophy rate. They’re in 2-3% range and they’re not selling their properties,” says Fernandez. 

Click here to watch the interview…

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