InvestorsHub Logo
Followers 21
Posts 775
Boards Moderated 0
Alias Born 01/27/2012

Re: dpsimswm post# 168

Wednesday, 11/02/2022 3:43:46 PM

Wednesday, November 02, 2022 3:43:46 PM

Post# of 182
Overall, the rumor that the housing market is going to be destroyed by higher rates is definitely hyperbole.

Here's some facts:
Active home listings are up 26% year over year, but still 42.6% lower than prepandemic.
[img]http://substackcdn.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Faae832d2-59e0-43b6-a68b-3f9b460f810c_1000x800.png
[/img]

Pending home listings are not rebounding.


Add in the unavailable rental housing and you have a complete lack of supply.

Rental vacancies continue to decline.


Bottom line: Mortgages will remain secured by high quality property that doesn't lose value.