https://www.foxbusiness.com/economy...-sentiment-plunges-fresh-2-year-low-nahb-says HYPERLINK has full article snip Confidence among builders in the U.S. housing market plunged more than expected in August to the lowest level since the beginning of the COVID-19 pandemic as painfully high inflation and rising borrowing costs forced potential buyers to pull back. The National Association of Home Builders/Wells Fargo Housing Market Index, which measures the pulse of the single-family housing market, fell for the eighth consecutive month to 49, marking the worst stretch for the housing market since the 2008 financial crisis. end snip As expected, the housing industry is feeling the downturn. At least the policies of the political party in control right now doesn't discriminate as to which industry it hurts. I wonder if that is what is meant when a Democrat says the words, "fair share" We all get our share of the misery that they create.
Joe hit his staff against a rock and said "Let there be lower house prices" and out of the sky fell houses for all !!! Congrats on the new home!
Thanks, but no I agree this doesn’t have anything to do with Biden. Strange it took giving him credit for you to point that out….
are you actually being serious about the home purchase? If yes, congrats and I hope you enjoy it. Let the honey-do list begin
Just a little humor! My wife is a realtor and has quite a few clients that procrastinated and now have to set their sights lower due to interest rates. Did you finance?
Got 5%, historically still a good rate. Can always refinance if they go back down, can’t refinance the principle though!
Yes, rates aren’t even that high. I think it’s around what we had when we bought back in 06 or 07. You can refinance the rate if they go down.
Lol I bet! My dad had a rate so high that he refinanced and took it from 30 years to 15, and cut his payments in half.
