Housing market ‘starting to see the impact of higher mortgage rates,’ economist says

#housingmarket #realestte #interestrates

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[NoOne-gotc]

Mortgage payments will go from 1, 900 a month to 2, 700 a month. This is a house of cards.

[henryclinton]

You might not have a hundred million dollars to invest, but that doesn’t mean your money can’t share in the same opportunities available to others. You work hard for your money; make sure your money works hard for you.

[danielalonzo]

Realtors are like used car salesman, it's always good time to buy that clunker regardless of the price and Interest rates

[Matthew-rpjf]

Finally. You'd be a fool to buy now. Wait these greedy sellers out until they're throwing in the dog with the house

[DNRG]

Sellers' fear-based greed is driving inflation.

[MrSupernova]

Such a horrible industry. Between people purchasing homes to rent them and institutional investors the average American is gradually pushed out of the housing market. Millions of existing homes are tied down in investors hands. These practices should be illegal.

[djbastetusa]

Here in AZ it seems like more apartments are being built than houses. Still a lot of housing communities popping up but again more apartments than houses.

[sdfsf]

It comes down to the home owners having no motivation in selling their home
that is being financed at 2.6% in order to purchase a new home at 5 or 6 %. This lack of homes being place on the market will help sustain the price of homes now. They will not increase at the rate we experienced in the last couple of years BUT they will not implode as some people expect.

[ruthrecord]

I've got a house on the market in the Yosemite area... just sitting there. I'm thinking of using it fir a rental.

[subarume]

Okay, so here is what I don't understand. All the different places reporting about housing all talk about supply will change the market, we need more supply. What about demand? Demand could drop quicker than supply can increase. If interest rates climb or if people feel less rich due to the stock market declines demand could fall off a cliff. It's not like people are currently homeless and that is driving demand. The demand is coming from housed people. If everyone stays put demand is done.

[andretigiovaneti]

Lumber prices way down new construction will catch up. Prices will drop.

[Dc-slup]

All renters need United as army and fighting for new nation Islamic Emirate states of America with sharia laws.