As the rate on 30-year mortgage - the most popular US home loan - sticks close to 20-year highs while prices are stuck at elevated levels, affordability has been crushed for many prospective buyers. It's a precarious time for the US housing market, with activity slowing significantly in recent months as the Fed aggressively hiked interest rates. "We've been describing it sort of like a game of musical chairs, where most participants are just in their seats, and once people start to get up out of their seats, that's where there will be affordable housing opportunities." Housing in limbo Reel Stakes Casino is easy-to-learn and fun to play. "It feels like prices aren't really changing much and interest rates aren't changing much," Marr told Insider. Meanwhile, home prices have largely bottomed out, he estimated, with only a small fall left before they hit a trough in June. RF D07EMB hundred dollar bills in a single stack or pile isolated on white. RF C52NJT Stacks of One Hundred Dollar Bills Isolated on Gradation. RF D07EJJ one hundred dollar bills in stacks in a line isolated on white background. Redfin deputy chief economist Taylor Marr attested to the stagnant housing market, predicting mortgage rates would only slightly ease to about 6% by the end of the year. RF 2K2TKF3 Stacks of new 100 US dollars 2013 banknotes bills. And when that's the case, it's hard to see prices really fall." The central banks own experts expressed their concerns in a. Browse 3,900+ real stacks of money stock photos and images available, or start a new search to explore more stock photos and images. "It's a tough market where there are going to be more buyers than sellers for the foreseeable future. Credit-crunch risks, commercial real estate and persistent inflation top worries for the Federal Reserve. "Nobody's really expecting a big drop in mortgage rates," Ostrowski said, forecasting rates to stay between 5%-6% over the next year.
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