exemplaryprophecy1 OP t1_jdk19pm wrote
Reply to comment by PRNbourbon in Volatility in mortgage rates will lead to further deterioration of the U.S. real estate sector in 2023 by exemplaryprophecy1
New home prices down 20%, but high low-pressure mortgage rates and a possible recession continue to hurt affordability
Brotherio t1_jdmotjl wrote
Existing homes unchanged.
Current mortgage rates for existing homeowners: 65% have 4% or lower. 25% have 3% or lower!
These people aren’t selling any time soon.
Viewing a single comment thread. View all comments