The housing market will struggle to improve at these current interest rates. If we increase the national debt and debt ceiling, we could see the 10-year US yields go up, making it even more painful for the housing market.
Housing market is toast but I guess economy is doing well.
People have given up owning a home due to unaffordability. High rates are not the problem but high prices are. FED did a criminal act buy buying MBS and suppressing rates for decade plus thus incentivizing home seen as a financial tool then as shelter for family.
We have a Mexican standoff in housing market between buyers and sellers.
The housing market will struggle to improve at these current interest rates. If we increase the national debt and debt ceiling, we could see the 10-year US yields go up, making it even more painful for the housing market.
Housing market is toast but I guess economy is doing well.
People have given up owning a home due to unaffordability. High rates are not the problem but high prices are. FED did a criminal act buy buying MBS and suppressing rates for decade plus thus incentivizing home seen as a financial tool then as shelter for family.
We have a Mexican standoff in housing market between buyers and sellers.