77: The Self-Fulfilling Crash Prophecy and Why Homebuyers Are Coming Back
Mortgage rates were about the only thing stopping the almost unbelievable home price run-up of 2020 through 2022. With higher mortgage rates, homebuyers were forced to bid on smaller houses or stick to renting while waiting for the good old days of 3% rates to return. But it doesn’t look like we’ll be heading back to sub-4% rates anytime soon, and homebuyers are starting to take the hint. So as mortgage demand begins to rebound, could we be closing in on another boom in the housing market?
We’re back with another correspondents show as we touch on the latest housing market news from around…
The skinny
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