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re: Real estate groups urged the Fed to stop rate hikes.
Posted on 10/13/23 at 8:44 pm to TxWadingFool
Posted on 10/13/23 at 8:44 pm to TxWadingFool
They’re still spending bc their mortgage is at 2.5% and that’s not changing. Prices don’t seem to be budging here on the Northshore. Taking longer to sell but still selling. Inventory is crazy low.
Posted on 10/13/23 at 9:00 pm to questionable
Because historically these aren’t bad percentages to buy at. Housing shortage dictates pricing. It’s supply and demand. Economics 1. Everyone got used to the lowest percentages in history. Guess what’s not going to happen? The price of homes going down. Because the demand is higher than the supply. Interest rates will go up, and really it’s time to buy and get locked in, you can always refinance later if they go down. Stout has been preaching doom and gloom for this industry for years on here. I just don’t see it as reality for now with the BFR stuff being huge. But that’s just me, I could be wrong, but I hope not because I’d probably have to find another job again like I did in 2008 crash.
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