Updated about 3 years ago on . Most recent reply
Fed just signaled the housing bottom
I'm about to make some loose generalizations and assumptions but hear me out. In the fed's statement today they indicated continuing to increase rates until fed funds levels at 5.1%. right now it is at 4.375%.
Since home prices and interest rates are near perfectly and inversely related, it stands to reason that a good time to buy would be a few months after the Fed has achieved its target rate and sellers have experienced a Thanos-snap dusting of buyers. Ultimately, interest rates would get cut again which would force appreciation across the board. It's a long term strategy that might work well for the "most" average house in an area.
It also means that the best time to sell is RTF now or risk waiting until 2024!!!!!