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re: US homeowners hit the jackpot. Median homes up 53% from Jan 2020 to Aug 2023
Posted on 10/1/23 at 8:30 am to JimMorrison
Posted on 10/1/23 at 8:30 am to JimMorrison
quote:
2-3% like so many people believe
Anyone who believes that is an idiot
quote:
the 10 yr yield is on the way to 5% soon. next few years, 10 yr yield could be 7% and 30 yr fixed mortgage rates at 10%. that is the recipe for median home prices correcting and it's already in process.
And for how long will it stay at 10%
Anyone who thinks that would be a long time is also an idiot
Maybe you need to look at the 30yr Mortgage History chart
quote:
that is the recipe for median home prices correcting and it's already in process.
Apprecation is on pace for another 7% increase this year
This post was edited on 10/1/23 at 8:32 am
Posted on 10/1/23 at 9:08 am to SDVTiger
quote:
Apprecation is on pace for another 7% increase this year
I've explained how the prices are buoyed right now and you can forecast demand to continue to weaken. what is your point?
quote:
And for how long will it stay at 10%
Anyone who thinks that would be a long time is also an idiot
Maybe you need to look at the 30yr Mortgage History chart
again what is your point other than asking rhetorical questions and laughing at the notion that rates can not only go higher, but stay higher.
here is your 30 yr chart. maybe analyze the current rate path the market is on and how it correlates to the period between 1960-1980.
This post was edited on 10/1/23 at 9:15 am
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