Are You Changing Your Mind About House Hunting?

The average house is still selling for 100.5% of its asking price, but we expect that to probably slip a little bit in coming months as affordability gets more stretched. Anisha: Some people are trying to lock in mortgage deals today because they think that mortgage rates will rise. But also you have cash buyers and cash owners active in the market at the moment who aren't quite so impacted by rising rates. They've already built up that equity so that they're not really feeling the impact of rising rates themselves. The market's still moving then. People are still out there house hunting, competing with each other to get those properties.