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Real Estate
Reply to "Is it a good time to buy now?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Buying a house now would be like buying a house right before a real estate crash. With mortgage rates so high, home prices have to drop but that hasn’t happened yet.[/quote] +1 grab your popcorn and watch the real estate market crash. Sustaining these high rates makes it just a matter of time.[/quote] Why are rates high? To combat inflation. Housing prices will remain stagnant or increase either due to higher inflation or the lower rates that accompany lower inflation. There won’t be a real estate crash because the Fed will lower rates before that happens. The Fed wants to slow the economy, not crash it, and they will lower rates to keep it afloat.[/quote] Real estate is extremely sensitive to interest rate hikes by the fed. The real estate market could easily crash while the rest of the economy is perfectly fine. The fed doesn’t care about real estate at all.[/quote]
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