10% Home Loans Right Around the Corner

[Matthew Crivelli]

Are we still singing the same old song? "Prices won't come down!" I hope not, remember folks there is a lag between rate increases and falling equity prices. We are still running on comps from late 21 / early 22. If you are in the R.E. industry, especially on the home buying / selling / loan side of things. I hope you saved your nuts the last few years because it's going to be a cold winter. Investors with cash, will come out on top as the deals roll in. People who over leveraged, will start to fold or at very least, will have to wait this inflation cycle out. THE FED WILL BREAK THIS MARKET.

P.S. - If you're a R.E. Agent... Stop telling homeowners they can "date the rate". If a home owner buys at full price right now, they will likely lose their 3%-10% equity (down payment) and won't be able to exit the home via refi or sale unless they come out of pocket. Warn your clients about the risks, last time we saw an inflation cycle it was OVER 10 YEARS UNTIL IT WAS CORRECTED.