[quote=The-Shoveler]Just my 2-cents.
I think the SD market is a lot more sensitive to interest rates above 4.5% – 5% than most think.
But at the same time I think we have seen that if prices go down, sellers will go back into hiding unless they are forced to sell for one reason or the other.[/quote]
Agree with the first paragraph, but feel that sellers might come out of hiding if interest rates go up **IF** they feel that housing prices have reached a medium/long-term peak at this point.
It might have been worthwhile for a seller to have waited out the rather strong price surge that resulted from low interest rates and unusually low inventory levels. But if there is a perception that rates or inventory levels will begin to rise continually for some time, I believe that more sellers will start listing their properties.
