Home Sales: "High" Interest Rates Are Not the Problem. High Prices Are.

Home Sales: “High” Interest Rates Are Not the Problem. High Prices Are.

10/09/2026 Ryan McMaken

There is a simple way for housing markets to adjust to the new realities of higher interest rates. Prices need to come down. That’s how markets are supposed to work.

Original article: https://mises.org/mises-wire/home-sales-high-interest-rates-are-not-problem-high-prices-are

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.