/biz/ - Business & Finance

>>56744018
Housing is dead, no buyers/sellers

>>56470603
>right now homebuyers and sellers are equally unmotivated

This.

Mortgage originations are the lowest since the mid-1990s. No one is interested in borrowing at 8%.

Housing inventory is the lowest it has ever been. People aren't interested in selling their house financed at 3.25%.

As a result, sales are at a 13 year low.

The only people moving the market are cash buyers (who now make up 1 in 3 sales).

The only people selling are those who didn't have cheap mortgages (Boomers and investors).

I feel like any decrease in rates at this point that increases demand will be offset by an increase in inventory from people who have wanted to sell the past 18 months but not for a loss.

Values are going to stay stagnant.