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WAMUSHAMU

11/30/20 8:36 PM

#640272 RE: Olti100 #640233

Pretty simple to understand, sorry you can’t comprehend
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Donotunderstand

12/01/20 10:03 AM

#640291 RE: Olti100 #640233

less on politics (other then a market not liking the DEBT load as tome future date)

it is economics

strong economy will come and that will raise interest rates

the cost to carry the same house at the same price for buyer NEW is higher

if the housing market can not carry say a 10% increase in carrying cost the price will fall

not a comment on any house or neighborhood but it is true overall - higher interest rates - without accompanying matched increase demand - results in lower prices for home ---- as the home price is the NPV of a series of payments to pay off the mortgage (and the DP). As that NPV of a series of payments to pay off the mortgage rises with higher interest rates - price must come down to balance ---- absence serious increased demand from say income and wages seriously up

Simply supply and demand - not R not D - not political - not opinion - it is capitalism and markets