According to the FED even if mortgage rates were to drop to 5% tomorrow, home prices would still be 25% too high for the average homebuyer to afford. So will lower rates actually bring back a wave of buyers in the housing market? Unlikely...
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Articles Mentioned in the Video
https://apple.news/AwhvWcQfbSuydlsGixKU_Ww
https://apple.news/ARs8EXPJkRGu89sv9VqGm6w
https://wolfstreet.com/2023/11/27/prices-of-new-houses-drop-further-18-year-over-year-sales-drop-high-inventories-rise-further-supply-jumps
https://apple.news/A4MVr7beTRJe2nfOTFD-nGg
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Did you miss our previous article...
https://realestatevideos.club/Mortgages/mortgage-interest-rates-crumble-in-2024