IF prices stay high and interest rates go up, it is bad for anyone not in a home.
IF prices go down and interest rates go up it is pretty good for anyone not in a home (lower cost basis, more likely rates will go down for a refi in later years, etc).
IF prices go down and interest rates go down it is pretty good for anyone not in a home.
The housing market simply can’t sustain itself at current prices and interest rates, now with more stringent lending anyone wanting to sell or buy is going to have a much tougher time of it. But that is essentially a good thing. Those that plan ahead, keep their credit clean, and save money are going to be well rewarded.
