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The Legacy Media likes to cheerlead the market as it goes up and run around like chicken little when the market shifts. Not every market shift is a 2008 type event and now the Legacy Media appears to be catching up to what Realtors have been saying about the market shift being a return to normal appreciation from a period of rapid appreciation and artificially low interest rates coupled w...
Inventories jumped 19% in June and while interest rates are up the market is returning to a less frenzied and more Normal market environment. A quick look at MLS data and a CNBC.com article.
The market shift requires sellers to change their pricing strategy to reflect current higher interest rate environment and buyers can now get some concessions out of sellers.
Thought I would compare Apples to Apples so I put together a quick comparison of what a 1% difference in mortgage interest rate would do if all other terms for a $1 million purchase were constant. !function(r,u,m,b,l,e){r._Rumble=b,r[b]||(r[b]=function(){(r[b]._=r[b]._||[]).push(arguments);if(r[b]._.length==1){l=u.createElement(m),e=u.getElementsByTagName(m)[0],l.async=1,l.src="https...
The media likes to cheerlead the market on the way up but don't understand a shifting market. Frequently they will frame good data with negative commentary and will over hype changes in the market they don't quite understand.
Brief discussion of a HousingWire.com article about Single Family Rental Properties rates going way up and what this means for Multi-Family properties as well.
Brief discussion of the one variable you the buyer/borrower can impact that will save you huge amounts of money each month and through the course of the loan. CNBC.com article from August 4.
