Subj : Re: Housing Market
To   : Gryphon
From : Nightfox
Date : Fri Apr 18 2025 01:02 pm

  Re: Re: Housing Market
  By: Gryphon to Nightfox on Sat Apr 19 2025 06:07 am

 Gr> In central Texas, there is a large inventory of available houses, but
 Gr> nobody is buying. They aren't buying because the prices are too high and
 Gr> the mortgage rates are going up. I got my mortgage at 3.25%. I'm hearing
 Gr> of 7% rates going forward. Rates like that will keep the buyers away. The
 Gr> only buyers will be the big corps that can pay cash or get really really
 Gr> good rates. Then they will turn around and rent them for absurd amounts of
 Gr> money.

 Gr> So it can't be much of a seller's market if there are so few eligible
 Gr> buyers out there.

I imagine sellers would have to drop the prices then in order to attract buyers.  I guess it might be more of a buyer's market..

Nightfox
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