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will stay in the homes because maybe they have a better rate? tour they own a home outright, and who would want to go and find something in this market? right, that is a trend that is happen. staying at home is increasing. and the pandemic has shifted things that caused people to say, oh, wait, i need to move because my life changed. i need to be close to friends and family and i can suddenly work remote so that s allowing me to move to affordable areas of the country. but we re seeing people stay put and they re happy and they re going to make people stay. jessica, i only have a couple minutes. analysts predicting rates 7% by the end of the year. that s not our forecast. our forecast is they re probably close to the top but we reserve the right to adjust that forecast. of course. jessica, thank you for being with us. thank you so much for the good information. thank you so much. sure. abortion is now banned in
payment for a $350,000 home. that s an example there. jessica lutz is with us now, she s vice president of demographic behavorial insights with the national association of realtors. jessica, thank you so much for being with us. let s talk. i want to break the mortgage rates down into two parts. first of all, how it could help i just want to give this example. a friend of mine is in real estate. she s had buyers who have put offers on half a dozen homes at $100,000 over asking price and she has lost all of those homes. i mean, this is not sustainable for people. so are the rising rates, the mortgage rates that we re seeing, are they key to slowing these inflated prices? so, what is likely going to happen is that for consumers who are out there putting down all of the contracts and unfortunately, they re losing out on homes because the home prices are being set out by so
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