Berkshire Hathaway survey shows split opinions on interest rate impact

Current homeowners are indifferent, while prospective buyers show concern about affordability and adjusting their searches
  • Berkshire Hathaway’s latest Homeowner Sentiment Survey was conducted weeks before the Fed announced the interest rate hike and involved interviews with about 2,500 current and prospective homeowners.
  • The results showed that most homeowners aren't concerned about the Federal Reserve's rate increase.
  • Prospective buyers, on the other hand, expect to experience more difficulty in affording their ideal property.
  • Agents should take care to educate buyers and sellers about the real estate process and mortgage rates.

How real estate consumers feel about the Federal Reserve’s recent interest rate increase may depend on whether they already own a home or are planning to buy one, according to a recent Berkshire Hathaway HomeServices survey.