- In 2021, we saw the market move back toward a more regular cycle. We saw higher sales during the spring and summer and a slight slow down as the winter months approach.
We also saw the US Federal Reserve state they would increase interest rates at least three times in the next year and continue the trend through 2024. Federal Reserve interest rate increases impact government backed bonds and credit cards immediately, and mortgage interest rates soon follow.
Increased interest rates means decreased purchasing power. The higher the purchase price the more the interest rate increase impacts payment.
