Gotta keep housing prices up. Don’t want them to fall and keep people from refinancing to aid consumer spending. And don’t want the banks to lose money. Who cares if lower prices hlep first time buyers.
It’s a good middle ground. Prices soften a bit, but it doesn’t totally kill the values of every current homeowner in the nation, either.
I sure as hell do, even if the establishment doesn't. Jeez, I hope this doesn't happen as my own bargaining position has been getting better and better every month for a year now. I plan on buying within the next 4 months...JFK