re: Every time I passed on a real estate purchase because the price was too high...

quote:

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what's happening is people aren't selling/moving from what they have to hop into something a little bit better because of having to flip their mortgage interest rate from 3% to 7.75%.

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Exactly, and because of that the supply of homes is still lagging behind demand. Before the rate increase I was always tentatively in the market, but I’m not trading in my 2.75% rate for a 7% rate unless I win the lottery that I don’t even play.