“It’s going to be another year of roughly 4 million home sales and early this year, that was not going to happen. By Lamacchia’s estimates, the war in Iran and its impact on mortgage rates will cost the housing market at least 400,000 home sales nationally this year. Budget concerns aren’t just for buyersAffordability and budgets are things Lamacchia said he is also focused on at the brokerage level. When rates began to rise in early March, Lamacchia said he and his team knew they needed to “pull their necks in.” In spite of rates being high, there are still motivated buyers and sellers out there who are willing to make a deal work.”