Buyers are losing purchasing power by the weeks as the Federal Reserve continues to increase rates. According to the chart above 3,500 Monthly Payment back in 6-Jan-22 would have the purchasing power 807,267.00. Just this past week that purchasing power has decreased to 643,898.00 with the interest rate climbing from 3.22% to 5.11%. They are predicting interest rates could be as high as 8% by end of year! We currently are in the middle of the market shift and as market experts fear the beginning of recession.