Prices are coming down because interest rates are going up; affordability is lagging when combined with inflation and reduced income in many markets.
“Prices are coming down because interest rates are going up; “
We keep hoping to see that, and have had our eye on a couple pieces of property for several months. They haven’t come down even one cent. We figure the homes are owned outright, the sellers aren’t in desperate situations, and can afford to wait however long they have to.
This is a great time to buy if you can. You can always refinance when interest rates come down to sane levels.
I get a dozen offers on my house every week. But I am debt free and don’t want to move.