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  • How Dumb Does the NAR Think Homebuyers Are? [View article]
    Interest rates are now on the rise. If you can buy some place where the price inflation never really happened (parts of TX and other places) then the 6.5% rate you can get today is not that bad historically. But as rates move up, the bubble priced homes must move down in price because we all know its about "how much can you afford to pay each month" more than anything else (except "how much do you have for a down payment").

    Home prices have a lot further to drop. In 3-4 years you will be able to buy a house in Fl again for 1990s prices.
    Jul 25 12:05 pm |Rating: 0 0
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