A lot of analyst still expect housing prices to increase this year, but track more closely with inflation.Good.
Perhaps they’ll go back to selling for what they’re actually worth instead of the inflated prices of the past several years.
Feel bad for those that will be caught upside down in their home value vs. what their mortgage is…but I guess they didn’t learn from the last housing bubble.
I was just reading on another board about how institutional and international investors have been driving up prices. The single-family housing stock is historically low and investors are hoping to flip or rent them out.Pending home sales sink in February, setting a grim tone as housing market enters key spring season
Higher mortgage rates are taking their toll on home sales, as a strong housing market begins to turn.www.cnbc.com
This is probably a reaction to the expected rise of interest rates. A lot of people were buying or refinancing to lock in low rates. Now that the rates are going to rise, the housing market is likely going to cool off.
Pending home sales sink in February, setting a grim tone as housing market enters key spring season
Higher mortgage rates are taking their toll on home sales, as a strong housing market begins to turn.www.cnbc.com
This is probably a reaction to the expected rise of interest rates.
A lot of people were buying or refinancing to lock in low rates. Now that the rates are going to rise, the housing market is likely going to cool off.
Real estate almost never goes down.Good.
Perhaps they’ll go back to selling for what they’re actually worth instead of the inflated prices of the past several years.
Feel bad for those that will be caught upside down in their home value vs. what their mortgage is…but I guess they didn’t learn from the last housing bubble.
I’m guessing you weren’t paying attention around 2008?Real estate almost never goes down.
Did you miss the word "almost"?I’m guessing you weren’t paying attention around 2008?
And people have been paying 25% and more above listing prices for years in areas.Did you miss the word "almost"?
If they're paying more than the listing price that doesn't mean the home was worth that much.And people have been paying 25% and more above listing prices for years in areas.
Do you think those houses are actually worth that much?
Nope. It’s a bubble. The question is whether it pops or slowly deflates.
Either way, there will be countless people upside down in mortgages.
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