Hey all, mortgage rates spiked after the election, shaking housing stocks. What might this mean for buyers and the overall real estate market?
Interesting question! Have you noticed any changes in your local housing market since the rate spike? I’m curious how this might affect first-time buyers especially. Do you think we’ll see a shift towards more rentals or alternative financing options? What’s your take on how long these higher rates might stick around?
higher rates could squeeze buyers, especially first-timers. might see slower price growth n fewer bidding wars. sellers might need to adjust expectations. could lead to a cooler market overall, but probs not a crash. buyers might explore alternative financing or wait it out. market usually adapts, so well see how it plays out