Interest Rates and Condos

It'll be interesting to see if interest rates go up this year. We've been sitting in a pretty stable spot for some time. The economy is doing well and I'm not sure that inflation has gone anywhere. But if rates do go up, I wonder what will happen to housing. With quite a bit of supply on the market, I'm not so sure that sellers will be getting what the going asking prices are at present. What I find interesting is the current boom in condos. I'm not quite confident that the market will continue to be a good one being that there are so many condo projects in the works. I'm feeling like there's a little bit of a condo glut. If rates go north, I think that portion of the market could get worse. I guess we'll see.