I work out of my company's Austin office. Some of the guys have been looking to buy a house. I told them they should wait because I figured the bottom was gonna fall out and they'd probably see a 50% price reduction. So Austin is at 14.1% so far. It'll hit the 50% mark before long.
Noone wants to have a $500k mortgage (@ 6.25%) on a $250k house. Patience is a virtue.
I work out of my company's Austin office. Some of the guys have been looking to buy a house. I told them they should wait because I figured the bottom was gonna fall out and they'd probably see a 50% price reduction. So Austin is at 14.1% so far. It'll hit the 50% mark before long.
Noone wants to have a $500k mortgage (@ 6.25%) on a $250k house. Patience is a virtue.
go woke go broke
Cost to borrow has basically doubled. Saw where the benchmark for a 30-year is now 7.04%.
20-30%=23 PAIN