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Sitting on the fence...don't get caught by interest rate increases!
So, you are sitting back waiting on those prices to fall even further. I understand. After all, it is rather safe on the fence.
The problem you have while sitting there, watching prices, is that the cold wind of interest rate increases is on the horizon. Just like "the hawk" that brings the chill to the frozen tundra of Lambeau field; the chill of rate increases will freeze you out of potential homes faster than you can say "jimmy crack corn and I don't care."
We have ridden the roller coaster of low rates to the bottom and watched them creep up and then take a moderate dip again. The rates remain, at what we in the business like to call "historically low". Of course, you don't pay your bills with historically adjusted money. You pay your bills with money earned today. I have to tell you, rising costs and inflation are reducing your buying power while you sit up there on that fence.
You're waiting.
I can't find many that would disagree that prices remain high on homes for sale. Not all of the homes, but many of them remain a bit out of reach. Of course, the prices on some homes will ... more

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