Jack Sheahan EXP Realty

😂

Clever open house strategy 😂💯

(Thanks to Heather Gill for the pic!)

https://www.bloomberg.com/opinion/articles/2022-09-14/homebuyers-might-as-well-take-the-plunge

Worth keeping in mind that changes in rates may influence demand and subsequently drive some price reductions, but only so much as the current supply reality will allow-- basically, A lower priced home is not a guaranteed lower monthly payment when you factor in rate increases.

"in the first week of September, taking into account mortgage rates and home prices, buyers are committing to the same level of monthly payment — on average just over $2,300 — that they did in early May."

Homebuyers Might as Well Take the Plunge Affordability isn't going to get any better as shrinking inventories ensure prices will rise even if mortgage rates eventually fall.