Wednesday, December 14, 2016

The higher interest rates go, the more the same priced house costs = Falling demand = Lower housing prices
Those whose real estate values rose wasn't from being geniuses

Real estate values rose because acquisition costs were artificially lowered by the Fed etc...

Those with variable mortgages just received a tax increase

Many with homes for sale may want to consider lowering their price before an onslaught

2008 only worse

Just a question of when