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#11 MikeyG

MikeyG

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Posted 28 February 2023 - 04:11 PM

 

Pending home sales accelerating as prices going down.

 

Supply of homes increasing.

 

IMHO sellers are coming out because they need/want the money they have in equity and know that home prices have peaked.

 

A reverse FOMO.

If you have a mortagage rate at around 3% and you have equity in it, are you going to sell your house and buy another one with a mortgage of 7%?  Work until you are 90?

 

 

 

Obviously not talking about the people that bought in 2020-2021. 


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