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Real Estate
Reply to "Feels like market is hitting a wall"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There's no inventory. People with 2-4 percent rates are not gonna sell and take on an 8 percent rate mortgage unless they absolutely have to, and the rates are scaring away potential first-time buyers (unless they are rich enough to pay cash). The market is essentially frozen.[/quote] Buyers can always refinance later....[/quote] It is unlikely that rates will ever be below 3% again. We just got spoiled over the last few years. Looking at historic mortgage rates. 5% - 7% is not unreasonable.[/quote] Back in 1995 "experts" were telling us "we'll never see rates lower than 7%...." [/quote]
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