Is it to first time homebuyers? Inventory moving doesn’t tell us much as far as the health of the actual economy is going i
There’s a bit of a difference between an older couple buying a 2nd, or 3rd house as an investment. And a new house going to a young couple to start a family.
Not to mention there is also the possibility of a Corporation or Company doing the buying.
Is it to first time homebuyers? Inventory moving doesn’t tell us much as far as the health of the actual economy is going i
There’s a bit of a difference between an older couple buying a 2nd, or 3rd house as an investment. And a new house going to a young couple to start a family.
Not to mention there is also the possibility of a Corporation or Company doing the buying.
If it surged in August then it’s not relative to the interest rate having been lowered in September. I do wonder why it went up though.
If that's the case, then those loans will be at a higher % with higher monthly payments.
Yes, leading me to believe it is probably investment groups making the purchases.
Interest rate likely doesn't matter to them, probably pay cash for houses.