5,104,931
Why would it crash. I remember the days when rates would drop to 7.5% and buyers would rush to buy to lock in the "low rates." Real Estate sold with rates pushing 20%. Besides, we still don't see enough housing available to match demand and housing formation.
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Doug Dawes
Topsfield, MA
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Wanda Kubat-Nerdin - W...
St. George, UT
-
Anna "Banana" Kruchten
Phoenix, AZ
-
Kathleen Daniels, Prob...
San Jose, CA
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John Juarez
Fremont, CA
1,502,998
No. Sputter and stall, maybe. Crash, no. We may see a more balanced market, but not a crash.
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Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Kathleen Daniels, Prob...
San Jose, CA
-
John Juarez
Fremont, CA
-
Nina Hollander, Broker
Charlotte, NC
2,684,109
Yes
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Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Kathleen Daniels, Prob...
San Jose, CA
-
John Juarez
Fremont, CA
-
Norbert Fabre, MRSA
Fort Lauderdale, FL
3,345,091
Crystal Crystal Crystal Ball
What's the writing on your Wall?
My Crystal Ball does not see a "crash".
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Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Nina Hollander, Broker
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
921,504
Crash? I don't know what that measure is. I don't see any 'fake' money in the economy that Bank of America created leading up to 2008.
I remember 18% and homes were bought and sold.
And 12% and homes were bought and sold.
7%, not a sweat. Sales volume will go down slightly, a thinning of the agent herd, then business as usual.
However, for the buyer who is a W2 earner and inventory remains suppressed, their plans may require significant compromises.
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Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Nina Hollander, Broker
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
1,311,397
Crash? No. Slow down? Most likely. The inventory shortage is the big problem. Less demand due to rising rates may eventually solve the supply/demand imbalance.
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Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Nina Hollander, Broker
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
3,587,960
Well since interest rates were over 10% when I started in real estate and continually went down little by little - when they got to 7% that seemed like a good deal back then. I don't think interest rates will be the reason the market slows down or comes to a screeching halt. There are bigger factors going on that will play a much larger role in a 'crash'.
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Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Nina Hollander, Broker
Charlotte, NC
195,422
no
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Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
David M. Dwares
Fort Lauderdale, FL
2,781,173
Crashing is out of the question as there is no bubble or boom at work but a normal Real Estate cycle running its course. Acts of man are absent and acts of God, well, so far so good.
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Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Nina Hollander, Broker
Charlotte, NC
900,128
NO!!!
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Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
6,393,609
3,125,842
763,883
I don't see interest rates going above 6.25%. The market is going to crash eventually no matter what we do.
1,196,798
No crystal ball. My unqualified opinion is we will see interest rates at 8 or 9 percent before summer's end. Not sure about a market crash but a business cycle correction is due and the way the economy is going it will be a simultaneous correction
5,216,409
If you look back in time, 8% was a ceiling for slowdown. As rates continued to rise, somehow 8% looked terrific. When rate were near 20% APR, people still bought and sold. I know from experience.
While the number of people who can qualify for certain properties may drop, those qualified still participate.