[quote=lookingtobuy]I enjoyed how the second article used May’s pending figures to explain everyone’s rush to buy homes on July’s interest rate increase.[/quote]
Ya, they always have an explanation that defies logic…. But it sounds good to many, and I’m sure that it will be repeated many times, especially by agents who are desperate for a commission.
Kind of like CNBC explaining (at the end of they day) why the stock market went up or down that day.
IF they REALLY knew what they were talking about, they should have been able to tell you this in the morning!!
Isn’t it about time for the NAR to come out with a new spin ?
LIKE: Potential buyers don’t want to suddenly be priced out of the market by both rising prices and rising rates.
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Haven’t we heard “buy now or be priced out forever” (at least) once before ??
