Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:JP announced yesterday that they are slowing the pace of rate increases. Stock market is surging on the news.

slowing but still increasing.

THIS! The people here stating that interest rates are going anywhere but up are delusional. Also, the economy generally gets a short-term uptick this time of year due to holiday spending. A good few weeks doesn't mean we're escaping the bad economic times.

I don't think they're going down anytime soon (and maybe never back down to where they were), but the biggest hikes are likely over. More modest hikes/stabilization going forward are not likely to lead to a "brutal free fall" in prices

I don't think there will be a brutal free fall but I don't think we've yet seen the full impact of the rate increases on prices. So it all remains to be seen. Spring is going to be very interesting!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:JP announced yesterday that they are slowing the pace of rate increases. Stock market is surging on the news.

slowing but still increasing.

THIS! The people here stating that interest rates are going anywhere but up are delusional. Also, the economy generally gets a short-term uptick this time of year due to holiday spending. A good few weeks doesn't mean we're escaping the bad economic times.

I don't think they're going down anytime soon (and maybe never back down to where they were), but the biggest hikes are likely over. More modest hikes/stabilization going forward are not likely to lead to a "brutal free fall" in prices

Anonymous wrote:The people who act as though DC area prices will not come down are just guessing. Sure, it's not 2007, but that doesn't mean different factors today won't yield the same outcome.

Folks should learn the term "black swan event" or "black swan theory," which describes many asset crashes. For the lazy:

"A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences. Black swan events are characterized by their extreme rarity, severe impact, and the widespread insistence they were obvious in hindsight."

https://www.investopedia.com/terms/b/blackswan.asp

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:JP announced yesterday that they are slowing the pace of rate increases. Stock market is surging on the news.

slowing but still increasing.

THIS! The people here stating that interest rates are going anywhere but up are delusional. Also, the economy generally gets a short-term uptick this time of year due to holiday spending. A good few weeks doesn't mean we're escaping the bad economic times.

Anonymous wrote:

Anonymous wrote:JP announced yesterday that they are slowing the pace of rate increases. Stock market is surging on the news.

slowing but still increasing.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because interest rates are rising. What is going to happen when people with variable rate loans arm periods end???

Without predatory lending, the impact of arm rates inching up isn’t as severe as it was in 2008.

When you have 2% resetting to 8%, even with strict underwriting, it’s bad

Very few ARM mortgages around here.

Very few, but if there are more ARM holders who have to sell than buyers (very little demand either right now), then prices will fall

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because interest rates are rising. What is going to happen when people with variable rate loans arm periods end???

Without predatory lending, the impact of arm rates inching up isn’t as severe as it was in 2008.

When you have 2% resetting to 8%, even with strict underwriting, it’s bad

Very few ARM mortgages around here.

Anonymous wrote:JP announced yesterday that they are slowing the pace of rate increases. Stock market is surging on the news.

Anonymous wrote:

Anonymous wrote:Prices are going to continue to fall because of interest rates. It’s a mathematical certainty.

No one knows exactly how far they will fall, but the prices will fall.

You really want to look to economists regarding this, not realtors. A lot of people think realtors have strong, economic backgrounds, or that they are experts in predicting markets. They are not.

I wouldn't trust economists either. (Of course no one should trust real estate agents on this.) But so far prices are not "falling" in the sense that sales prices are markedly lower than last year. They just seem to be going up less and taking longer to sell, and maybe with the usual contingencies in place on the contracts. Maybe things will change next year. I hope so. But given the overall strength of the economy in this area and the lack of supply, I don't see a big decline absent a severe recession.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because interest rates are rising. What is going to happen when people with variable rate loans arm periods end???

Without predatory lending, the impact of arm rates inching up isn’t as severe as it was in 2008.

Perhaps not as bad, but it’s going to have an impact rest assured to say otherwise would imply zero understanding of economics.

Anonymous wrote:Prices are going to continue to fall because of interest rates. It’s a mathematical certainty.

No one knows exactly how far they will fall, but the prices will fall.

You really want to look to economists regarding this, not realtors. A lot of people think realtors have strong, economic backgrounds, or that they are experts in predicting markets. They are not.

Anonymous wrote:Prices are going to continue to fall because of interest rates. It’s a mathematical certainty.

No one knows exactly how far they will fall, but the prices will fall.

You really want to look to economists regarding this, not realtors. A lot of people think realtors have strong, economic backgrounds, or that they are experts in predicting markets. They are not.