Interest rates have recently risen somewhat. This has made real estate loans more expensive, but at the same time, negotiating purchase prices is easier. The steep rise has therefore been halted somewhat. However, it's impossible to predict when, if ever, real estate prices will fall significantly. Many experts assume it won't happen in the foreseeable future, especially not in metropolitan areas and desired locations. Because construction costs have also risen sharply due to inflation and new construction projects, have become more expensive, demand for existing properties will likely remain high.
