eli5 What happens to house prices when bank interest rates go up?

Question

I’m asking as a seller. What is more likely: a higher or lower result?

In: 4

Answer 1

Honestly? Nothing. The big problem with housing costs is that anything turn-key, move in ready is being bought up by investors to turn into rental properties, and most fixer-uppers are being bought by flippers who then sell to investors to turn into rental properties. And a lot of these investors pay *cash* and aren’t taking out mortgages, so the interest rates don’t matter to them.