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re: Mortgage rates fall below 7% for the first time in months

Posted on 12/15/23 at 8:23 am to
Posted by XenScott
Pensacola
Member since Oct 2016
3190 posts
Posted on 12/15/23 at 8:23 am to
Using interest rates to manage inflation with a housing shortage is just kicking the can down the road. Our customers never went away. They are just sitting on the side line waiting for interest rates to come back to the 5-6% range.
We are a small custom builder that will do 20-40 houses per year. December is usually a dead month for us.
There needs to be another vehicle to manage inflation.(fiscal policy)
Posted by llfshoals
Member since Nov 2010
15605 posts
Posted on 12/15/23 at 8:47 am to
quote:

We are a small custom builder that will do 20-40 houses per year. December is usually a dead month for us.
I have a couple custom builders who stay fairly steady with work. It’s the track builders I’m seeing with inventory that are having inventory stack up. But their builds are definitely inferior quality.

I’m not having many contacts right now over 300k atm, hoping that changes as most of the ones looking at that 99k house on the market aren’t remotely prepared to handle the issues that come with it.
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