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A Buyer’s Market Where No One Can Buy
There was good news Wednesday for millions of beleaguered American renters: Mortgage rates in the US
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Marie, ever the observant snack maven spitting out fire quotes. But seriously, perfect title.
Here’s some home buying “math” that backs up typical household income:
https://www.instagram.com/reel/DKliZIStOwY/?utm_source=ig_web_copy_link&igsh=eWh3azBjbmJpcTA5
Next thing you know these folks will expect to have more than 2 dolls for Christmas!
Real housing prices are correcting. Likely mortgage rates will decline some amount. Likely the yield curve will steepen which will make arms a viable option. Incomes will grow. Demographics will slowly reduce demand. All these factors will make purchasing viable again. The catch is this will take 3-5 more years.