Must be a local thing - rates are crawling upward - and with a dead market where we are tying to sell our old house - every move upward further closes down the real estate market.
You must be one of those folks that likes 19% mortgage rates?
We’re going to see at least 10% of all listed companies go BK or be acquired CHEAP in the next few years because they have only been kept alive with free money... Sell your house NOW at whatever price will move it or keep it as a rental... if that keeps you from buying in the new location look at renting with a multi-year lock in on the rate or at least a reasonable cap. If this happens you’d be better off renting and buying more house a few years later for less $$$$...
The markets can’t stay in fantasyland forever ... this should never have gone on for 10 years ,, 2 at the most...
I like Realistic interest rates and mortgage rates. Which currently should be 5-6% range. Both will move together. Ridiculously low interest rates cause bubbles in the assets market. Bubbles always burst creating horrible losses for asset holders.
Housing is already way over priced, and ahead of buyer’s income increases. Same thing happened 7 years ago. If you can’t sell your house, it is already over-priced. Sorry, that is the reality.
I like Realistic interest rates and mortgage rates. Which currently should be 5-6% range. Both will move together. Ridiculously low interest rates cause bubbles in the assets market. Bubbles always burst creating horrible losses for asset holders.
Housing is already way over priced, and ahead of buyer’s income increases. Same thing happened 7 years ago. If you can’t sell your house, it is already over-priced. Sorry, that is the reality.