Do you think that rising mortgage rates can be to your benefit?
During Covid in the US, rates for mortgages were really low and people who were in big cities flocked to the country and suburbs, buying up homes at high prices. Since there were many people wanting homes, the cost of the homes went up in many neighborhoods. Now that mortgage rates are rising, the cost of the homes aren't going up as quickly and that's good for buyers, but not sellers.
During Covid in the US, rates for mortgages were really low and people who were in big cities flocked to the country and suburbs, buying up homes at high prices. Since there were many people wanting homes, the cost of the homes went up in many neighborhoods. Now that mortgage rates are rising, the cost of the homes aren't going up as quickly and that's good for buyers, but not sellers.