If you’re thinking about selling your home (in Charlottesville) you might want to do so now-ish.

Because next year … interest rates are likely to be higher. Higher interest rates impact affordability. Simple, right?

Click through for some interesting commentary from Zillow’s CEO (note: the video and insight are useful for a macro perspective, but locally in Charlottesville, Zillow’s not accurate).

See also:

Freddie Mac: “Mortgage Rates on Six Week Streak Higher

Rising Rates Scare Borrowers Into Action

As Prices Rise, Banks Repossess More Homes

Redfin Bidding War Report Shows Home-Buying Competition Eased in May

How Another Housing Bubble Was Blown … And Why

Nothing to see. No bubble here.