U.S. home buyers are becoming more willing to purchase properties even as interest rates stay high, according to a study by Bank of America published on Monday.
Good, the more that people are exposed to the high interest rates, the more pressure that will put on home prices to lower, right?
Also, maybe there is a backlog of homes that people have been holding on to, waiting for prices and interest rates to fall before they move. If they finally cave and move anyways, hopefully that results in more turnover.
Good, the more that people are exposed to the high interest rates, the more pressure that will put on home prices to lower, right?
Also, maybe there is a backlog of homes that people have been holding on to, waiting for prices and interest rates to fall before they move. If they finally cave and move anyways, hopefully that results in more turnover.