I think it will be very interesting from now on , mortgage rates will go up , but sellers still want premium , inventory is limited , no one would want to sell and buy a new house at higher price and higher mortgage rate
having said that, in the local market , even though there are barely any houses on market , prices have been reduced recently even by 10-40 K, ( probably just because sellers are getting greedy and listing it higher than it should be , even for this market
It’s like list at any price you want and see if anyone bites .
Even if prices fall slightly , with mortgage rates up , monthly rates might be higher , unless there is a recession and they drop the rates again and you refinance .
having said that, in the local market , even though there are barely any houses on market , prices have been reduced recently even by 10-40 K, ( probably just because sellers are getting greedy and listing it higher than it should be , even for this market
It’s like list at any price you want and see if anyone bites .
Even if prices fall slightly , with mortgage rates up , monthly rates might be higher , unless there is a recession and they drop the rates again and you refinance .
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