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Home prices won't drop unless people are forced to sell by massive unemployment. Otherwise they'll just sit.
by colinmhayes 4y ago
Home prices won't drop unless people are forced to sell by massive unemployment. Otherwise they'll just sit.
- symlinkk 4y agoHalf of the posts here over the last few days are about layoffs. Maybe we are in the midst of “massive unemployment”?
- nativespecies 4y agoLol this is just the beginning.
- nradov 4y agoSome owners will also be forced to sell as adjustable rate mortgage monthly payments increase. Those have still been popular among small investors (and some individual homeowners trying to live beyond their means).
- nativespecies 4y agoOnly 10% of mortgages are ARMs and a smaller subset of these folks may not be able to afford and forced to sell. This is not going to be the hail mary people need.
- adam_arthur 4y agoInstitutional investors, flippers, etc almost all use revolving credit lines that adjust with the fed funds rate. Investors have been ~20% of the market in recent days. The smart ones hedged for interest rate risk, but most didn’t