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The Impact of Rising Interest Rates on the Real Estate Market
This chapter explores the consequences of increasing interest rates on the real estate market, including disruptions in trading activity and uncertainty among investors. It discusses the effects on both housing and commercial properties, such as a decline in housing inventory, rising apartment rental rates, and financing difficulties for commercial real estate. The chapter also touches on the potential discounts and challenges faced by office spaces in cities like New York and the misconception surrounding the importance of office buildings in the commercial real estate industry.