Who blinks first, buyers or sellers?
The other component is that sellers are locked in. Many sellers are also buyers, moving from one home to the next, and will be comparing available mortgage rates unfavorably with what they’re paying now, and available prices unfavorably with what they paid five years ago. They may choose to postpone a move for as long as they can.About two in three outstanding mortgages have an interest rate below 4 percent; one in four are below three.
This stand-off has been described as a kind of paralysis. Can it last forever? Maybe housing prices will take a significant hit until more buyers can afford them, as homeowners putting off a move find life’s demands—new job, new kid, and so on—become impossible to wait out. Prices have alreadya thirdAdvertisement
But maybe they won’t! Daryl Fairweather, chief economist at Redfin, says: “It’s noteworthy how slowly prices have declined. They’re still above last year’s levels. I don’t anticipate any major decline in home prices, unless we enter a recession and interest rates stay elevated.” Some buyers may abandon their search entirely, and throw fuel on the fire currently burning in the rental market, but many will confront sellers’ lack of flexibility by just moving down the price ladder.
The thing current homeowners have going for them, besides a roof over their heads, low-interest debt, and an asset that has appreciated enormously in the past decade, is that there are structural reasons for the cost of housing to stay high: We haven’t built enough of it to keep up with population growth and family formation as the enormous millennial generation tries to put down roots.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Join Our Second Annual Rally Through Wine Country This SpringCheck out what we have in store for our high-octane, high-style driving adventure.
続きを読む »
1 in 5 Employees Is Highly Engaged and at Risk of BurnoutWhile engagement certainly has its benefits, most of us will have noticed that, when we are highly engaged we can also experience something less than positive: high levels of stress. A recent survey conducted at Yale University examined the levels of engagement and burnout in over 1,000 U.S. employees. For some people, engagement is indeed a purely positive experience; 2 out of 5 employees reported high engagement and low burnout. However, the data also showed that one out of five employees reported both high engagement and high burnout. These engaged-exhausted workers were passionate about their work, but also had intensely mixed feelings about it – reporting high levels of interest, stress, and frustration. These apparent model employees also reported the highest turnover intentions in the sample – even higher than the unengaged group.
続きを読む »
Rent prices hit all-time high, but reports signal a coming cool downCities like Nashville, Tampa and Denver reported lower rent prices in September compared to August. Several other cities, including Phoenix and Fort Lauderdale, reported no change.
続きを読む »
Hilaree Nelson notched many firsts in a life of high-altitude adventuresWe are deeply saddened by the passing of Hilaree Nelson, one of the most prolific ski mountaineers in the world, a National Geographic Explorer and recipient of the 2018 National Geographic Adventurer of the Year award. Read more about her legacy
続きを読む »
Some hospitals rake in high profits while their patients are loaded with medical debtAcross the U.S., many hospitals have become wealthy, even as their bills force patients to make gut-wrenching sacrifices. This pattern is especially stark for health care systems in Dallas-Fort Worth.
続きを読む »
Hurricane Ian Barrels Toward Florida, Threatening Damaging Floods And High WindsThe monstrous storm has already knocked out power to all of Cuba.
続きを読む »