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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 itsbigmikey
Posted on 12/15/23 at 8:23 am to itsbigmikey
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)
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 on 12/15/23 at 8:47 am to XenScott
quote: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.
We are a small custom builder that will do 20-40 houses per year. December is usually a dead month for us.
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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