Yes I agree, but as it seems now, if mortgage rates are below 6% it gets much more affordable to buy and trade Homes. I doubt you will see negative equity in houses across the board, maybe in some markets. I think homes will rise in price 2024.
I think your analysis can be true for existing homes, but that doesn’t mean it won’t be good as well for the builders. I think lowers rates and still a large deficit in supply will be beneficiary for both frankly. At least in the short term, I think builders can continue to rise in 2024!
Yes I agree, but as it seems now, if mortgage rates are below 6% it gets much more affordable to buy and trade Homes. I doubt you will see negative equity in houses across the board, maybe in some markets. I think homes will rise in price 2024.
I think your analysis can be true for existing homes, but that doesn’t mean it won’t be good as well for the builders. I think lowers rates and still a large deficit in supply will be beneficiary for both frankly. At least in the short term, I think builders can continue to rise in 2024!
Astute research.