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if low rates mean higher housing prices than why did housing prices fall and sales fall while rates were going lower and lower?.
that is false and the chart i posted shows that assumption to be false . in most instances when mortgage rates went up 1% or more home prices rose according to the fha home price index . that is because rates that keep rising only rise if the economy is doing better , wages are good and folks are working and have more money to spend ..
if low rates mean higher housing prices than why did housing prices fall and sales fall while rates were going lower and lower?.
that is false and the chart i posted shows that assumption to be false . in most instances when mortgage rates went up 1% or more home prices rose according to the fha home price index . that is because rates that keep rising only rise if the economy is doing better , wages are good and folks are working .
Housing valuations to median income are being stretched as it is. This will definitely reverse trend.
bull . you can't say that . rising rates tend to spur buying . those interested want to buy before they can afford less house . that has typically put pressure on home prices to go up . just look at all the study's out there before making any such claim .
you of all people have an awful track record with any of your predictions . you would think at this point you would know better than to even believe your own malarkey
there are no accredited study's that show that home prices fall when rates go up moderately
bull . you can't say that . rising rates tend to spur buying . those interested want to buy before they can afford less house . that has typically put pressure on home prices to go up . just look at all the study's out there before making any such claim .
you of all people have an awful track record with any of your predictions . you would think at this point you would know better than to even believe your own malarkey
there are no accredited study's that show that home prices fall when rates go up moderately
Median household incomes are 55k. That means they really only qualify for 250k in today's housing market with today's rates. You do the math with rising rates
Median household incomes are 55k. That means they really only qualify for 250k in today's housing market with today's rates. You do the math with rising rates
Or people with median incomes simply won't buy homes with low down payments anymore - either renting to save more money to buy, or renting permanently.
exactly . it isn't number of buyers that determines prices . it is what buyers are willing to pay and sellers are willing to accept .
that involves far more than just whether buyers are more than sellers or the reverse .
there can be 50 homes for sale in an area , but if 49 are ones your wife does not like how many buyers or sellers there are is pretty much irrelevant . all that matters is that is the house she wants and you will pay a price the seller accepts .
Or people with median incomes simply won't buy homes with low down payments anymore - either renting to save more money to buy, or renting permanently.
Does that sound sustainable: more and more being locked out of the housing market while more housing is being built? Sounds a lot like a unsustainable bubble like 2008
just look at manhattan . despite all the predictions about sustainability our co-ops continue to rise in price and buyers come from all over to buy .
long island has seen loads of boomers sell and move , company's have left long island and moved elsewhere . yet buyers still buy and prices still rise .
what people will pay and how prices will be effected have little to do with mortgage rates . it is a local market issue and why do people want to live there ?.
exactly . it isn't number of buyers that determines prices . it is what buyers are willing to pay and sellers are willing to accept .
that involves far more than just whether buyers are more than sellers or the reverse .
there can be 50 homes for sale in an area , but if 49 are ones your wife does not like how many buyers or sellers there are is pretty much irrelevant . all that matters is that is the house she wants and you will pay a price the seller accepts .
So you're saying supply and demand are meaningless? What a great economist you are.
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