Anyone owning a home today is thrilled to see the incredible appreciation over the last 5 years. Just this year we have seen a 19% increase in home values! That can put a smile on your face but as we all know too well, what goes up must come down. That old saying holds true in every sector of our economy, including housing. Not too long ago, interest rates were at all-time lows at 2.8% for a 30-year fixed rate. We are now approaching 6% for that same 30-year mortgage. Imagine you are trying to buy your first home and not only rates have gone up, but home prices have skyrocketed. There is a breaking point where young buyers will back away from submitting an offer and wait for homes to become more affordable for their budget.