By Brena Swanson | HousingWire
The housing recovery will be able to digest the upcoming impact of the rise in interest rates, according to one housing economist.
Mark Fleming, chief economist at First American, commented on the Thursday release of the National Association of Realtors’ existing-home sales numbers saying, “An expected move by the Federal Reserve this fall to raise rates will have a moderating, but not devastating impact on market capacity for existing-home sales.”