The main hope for rising mortgage interest rates was that, in response, real estate prices would cool. Rising interest rates have been a point of concern for investors and average homebuyers alike – with housing more expensive than ever, even a marginal rate increase could mean thousands more paid in mortgage interest.

Over the past year, talk of a real estate bubble has been frequent and hotly debated. Are we in a bubble? Are we not? When will the market crash if it crashes at all?

The pandemic housing boom is over.

The 2020 real estate market has been surprising in more ways than one. No one could have predicted that the market would not only survive, but thrive during an unprecedented global pandemic. If we look back at predictions earlier in the year and even pre-pandemic, a market crash was certainly on all our minds.