Real Estate/Development
Oct. 2, 1999
Abiding interest
By Julie Nakashima Interest rates are likely to continue rising, but the consensus is that the impact on the housing market will be minimal, particularly at the upper levels of the market.
By Julie Nakashima
Interest rates are likely to continue rising, but the consensus is that the impact on the housing market will be minimal, particularly at the upper levels of the market.
"As long as interest rates stay below 9 percent they'll be well below what they were in the '80s, which means there won't be quite as severe an impact," says Dave Chapman, partner in charge of real estate consulting for Haskell & White LLP, a Newport Beach-based accounting firm...
Interest rates are likely to continue rising, but the consensus is that the impact on the housing market will be minimal, particularly at the upper levels of the market.
"As long as interest rates stay below 9 percent they'll be well below what they were in the '80s, which means there won't be quite as severe an impact," says Dave Chapman, partner in charge of real estate consulting for Haskell & White LLP, a Newport Beach-based accounting firm...
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