Artificially low Interest rates have caused this bubble. Generations past bought homes at even higher rates than we're currently seeing. The difference is that home prices have significantly outpaced incomes and the supply of qualified buyers has begun to dry up. We're already seeing discounts from builders and falling home prices in certain markets. We need a 10 or 15 percent downward correction to again bring buyers into the market.
@@mchristr a “high interest” rate is relative to the total amount borrowed. That’s why current rates are considered high, while the same interest in years past was considered low. Eventually, even 3% will be considered a “high” rate.
Bidenomics in action, Kamala is happy!
Artificially low Interest rates have caused this bubble. Generations past bought homes at even higher rates than we're currently seeing. The difference is that home prices have significantly outpaced incomes and the supply of qualified buyers has begun to dry up. We're already seeing discounts from builders and falling home prices in certain markets. We need a 10 or 15 percent downward correction to again bring buyers into the market.
@@mchristr a “high interest” rate is relative to the total amount borrowed. That’s why current rates are considered high, while the same interest in years past was considered low. Eventually, even 3% will be considered a “high” rate.
Did Pam seriously think there wouldn't be construction going on all day long in a new development?
She probably thinks the rise in rates will help those new homes sell fast!
🤞😂
The rates are up because no one will buy bonds. Does that really sound like investors think the economy is strong?