Higher for longer Is going to hurt the business model for Urbanimmersive. Fewer transactions due to higher rates is going to painfully disrupt the company going forward.
On a positive note, I don't think higher rates for longer is going to pan out. I think somethings going to break that's going to cause the Fed to pivot in the near future. It is worth noting that the average time from peak rates to a Fed pivot since world war 2 is about 3 months more or less. It is not clear if we are currently at peak rates but we're probably not far from it. I think it's reasonable to assume interest rates will come down in 3-6 months and that equity markets will likely follow suit.