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Updated over 1 year ago,
DOOM LOOP: Fed's new rate hike brings it to a 22-year high
Alrighty...these seems gloomy. I've been seeing tons of headlines about new highs for rates. People are super scared, but there's one thing that I can think about...
IT WILL BE CRAZY HARD TO FIND DEALS IN 18-24 MONTHS FROM NOW...
Guys, in case you don't know, these high rates will inevitably throw us into some type of recession, minor or not. Some may argue that we are currently in a recession. That's above my pay grade so I won't argue that.
Either way, BUYING IS HARDER NOW...due to high rates, but I assure people want to buy so we have pent up demand.
We as real estate investors know that recession don't always equal housing crisis's or falling prices. According to CoreLogic, the last 6 US recessions have not experienced hardly any price drops (other 2008).
If you're anything like me, you need to buy more houses to keep your business growing. So when I hear these reports, I need to buy now more than ever. In 18-24 months, the rate environment will be different. Lower rates means that buyers will flood the market, raising prices. Buying deals now will make life better later.
But I want to hear what you think. Will prices fall? Are you waiting to buy?