Just wrote an article for my main blog about the difference between price and cost.
People are looking for a double-dip in prices. But everyone agrees that interest rates will continue on their upward trend.
I give an example of prices decreased 8.3% and interest rates only increasing 1%. In my example, I show how it costs the buyer an additional $9,751.03 more to purchase the same home.
The full article can be found here.
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