/biz/ - Business & Finance

>>50715025
>the cost to borrow has increased significantly with the repeated rate hikes. This has a delayed impact as many buyers had rates locked for up to 90 days, so the full impact for demand decrease isn’t felt for roughly a quarter.
Mortgage rates are already falling see pic
>houses are sitting on the market far longer showing waning demand
We'll when you're near zero any increase will seem huge the fact is any fairly priced home is selling quickly by all historical norms
>inflation continues to eat into people’s savings lowering consumer confidence and undermining the ability to save a down payment
Very true
>we are now I’m a recession with multiple large high profile layoffs occurring. People losing jobs is bad for the housing market
Maybe it's coming but right now unemployment is near historical lows
>the only potential indicator that isn’t terrible is inventory remains low. But if prices drop further and the economy worsens you may see inventory grow as people try to sell before the market drops further
People only sell at a loss if they are forced too. Unemployment is at historical lows, most homeowners have absurdly low fixed rate mortgages and rental costs are through the roof. We are a very long way from the disaster you're hoping for rentoid