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Are people with ~2.5% mortgages in any hurry to sell though? If people are deciding not to sell b/c of the above, yes, higher interest rates might bring down t
by alexpotato 4y ago
Are people with ~2.5% mortgages in any hurry to sell though?
If people are deciding not to sell b/c of the above, yes, higher interest rates might bring down the prices of house that people "have" to sell but that's not going to improve the supply situation.
- toomuchtodo 4y agoThey aren't, which means liquidity will be a challenge, but there are always sellers who have no choice and must sell (death, divorce, job move, etc). New home builders also contribute to new comps, depending on the market and land availability. Supply is going to be a mess due to the cost of money, land, labor, and materials. Don't expect a crash. It's going to be a slow stagnation burn.