[quote=JohnAlt91941][quote=bearishgurl]
-interest rates could gradually rise, leading to even less ability to be picky, and even possibly being eventually shut out altogether
[/quote]
Ridiculous. The SELLER will be hurt by higher interest rates, not the buyer.[/quote]
At present, a good portion of buyers are making all-cash or mostly-cash offers.
It is the heavily-leveraged buyer who will find themselves shopping in successively lower tiers of homes as interest rates rise.
In coastal CA counties, the best areas to live in are the ones which are the least interest-rate sensitive. This is why highly-leveraged buyers’ choices will lessen even more in the wake of higher MIRs.
