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Real Estate
Reply to "Americans locked into lower mortgage rates have been increasingly unwilling to sell their homes."
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[quote=Anonymous][quote=Anonymous]I don’t understand the mindset of living in a house you don’t want anymore just because you got a good deal on it. Eventually housing prices will have to come down because as has been pointed out here, higher interest rates puts many houses out of reach for a lot of potential homebuyers. And of course renting is still an option.[/quote] We are shopping in the $2MM price range and there is competition and bidding wars. Those prices aren’t coming down and someone is fighting to pay the $12-13k mo mortgage out there. There are no homes for sale so why would anyone drop their prices? [/quote]
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