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Home buying companies unable to unload their inventory. (www.wsj.com)

posted 1 year ago by BerlinWallCrosser 1 year ago by BerlinWallCrosser +42 / -0

Home-Buying Companies Stuck With Hundreds of Houses as Demand Slows

As mortgage rates surged, some customers backed out of purchases or needed more time for financing

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– INK10 1 point 1 year ago +1 / -0

I know. I feel bad for the twenty and thirty somethings today. On the other hand buying a house when my husband and I were in our late twenties was not easy either. Interest rates on mortgages were 15 to 17 percent. We're savers though (mostly my husband), and got an assumable mortgage, which required a hefty down payment.

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