Tuesday, June 21, 2022 7:56:16 AM
https://www.bloomberg.com/news/articles/2022-06-20/us-house-prices-likely-to-drop-as-rates-rise-capital-economics?cmpid=BBD062122_MKT&utm_medium=email&utm_source=newsletter&utm_term=220621&utm_campaign=markets
Rates Rise, Capital Economics Says
June 20, 2022, 12:28 PM EDT
US house prices are likely to fall as mortgage rates exceeding 6% crimp affordability for the average buyer, according to Capital Economics.
Property prices could contract an annual 5% by the middle of next year, Matthew Pointon, senior property economist, said in a research note Monday. He’d previously projected no change in values by that time
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As I said a week or two ago ,it will be cheap to buy then build with the prices of product, and when rates go up,up,houses come down in price
GLTA- GOGO COOP-Ts
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