“I'm sure rising interest rates at some point are going to take some buyers out of the marketplace. Typically, though, this does not happen in a big way until interest rates hit 8 percent and we have a long way to go until it reaches 8 percent.”
“That's pretty extreme upward pressure on resale prices in Wake County, which puts Durham County in a situation where it's presenting an exceptional value to the buyer in that more moderate price range. There's a lack of supply in Wake County that's being fulfilled in Durham County.”
