05/03/2023
A person may experience more loss from unrealized equity during periods of high appreciation than waiting for a nominal drop in the interest rate.
There is opportunity with higher rates because it affects sales and demand which in turn keeps prices in check. By waiting for rates to come down, and no one knows by how much but certainly not to the 3-4% range, buyers' pent-up demand will affect the already low supply and cause prices to increase.