What Happens to the Housing Market if Mortgage Rates Stay High?

"I am predicting along with Logan that it's going to start to slow down and we're already seeing wage growth slow down so when the FED has some confirmation that we're not going to be just on this train ride of you know the the economic train that's been moving so fast and so Speedy in creating inflation um once they see that slowing down then we'll get back on that rate cutting plan and and mortgage you know mortgages will likely come down too so that's my prediction is that they will come down and it if it's not this year it'll be next year and no one can predict exactly when that will be"

"you know I still think rates are going to start ticking down towards the end of the year"

"I do think by the end of the year we'll be somewhere between let's say 6.25 and 6.75 so that they're going to come down a little bit but not into the fives"

"it's hard not to think it's going to be more difficult because we just keep seeing prices climb we keep seeing rents climb and yes there are more jobs out there and people are getting more high-paying jobs and that's going to help some of the affordability but I think there is there's going to be a subset of people who continue to be priced out of being able to to buy a home"

"I think investors will continue to buy I think they're going to have to buy differently and if they want to put in the time and work then the activity will go on"

"I am predicting along with Logan that it's going to start to slow down and we're already seeing wage growth slow down so when the FED has some confirmation that we're not going to be just on this train ride of you know the the economic train that's been moving so fast and so Speedy in creating inflation um once they see that slowing down then we'll get back on that rate cutting plan and and mortgage you know mortgages will likely come down too so that's my prediction is that they will come down and it if it's not this year it'll be next year"

"I still think rates are going to start ticking down towards the end of the year"

"I do think by the end of the year we'll be somewhere between let's say 6.25 and 6.75 so that they're going to come down a little bit but not into the fives"

"if I were to guess I would say we're going to continue to have this inventory problem for a while"

"it's hard not to think it's going to be more difficult because we just keep seeing prices climb we keep seeing rents climb... I think there is there's going to be a subset of people who continue to be priced out of being able to to buy a home"

"I think investors will continue to buy I think they're going to have to buy differently"

"if there's anything else that happens to the economy which could happen right there's a lot of weird things ruin in the background then you'll see an exodus again"

"I do think by the end of the year we'll be somewhere between let's say 6.25 and 6.75 so that they're going to come down a little bit but not into the fives"

"I still think rates are going to start ticking down towards the end of the year"

"mortgages will likely come down too so that's my prediction is that they will come down and it if it's not this year it'll be next year"

"I thought pricing was going to have to come down and is going up... the concern about the interest rates that's going to crash the economy or the the housing market really isn't coming to fruition"

"housing will stay strong and we're seeing that right guys you're still seeing buyers all over the place"

"if I were to guess I would say we're going to continue to have this inventory problem for a while"

"it does seem like it's here for at least the foreseeable future"

"I think investors will continue to buy I think they're going to have to buy differently and if they want to put in the time and work then the activity will go on"

"if there's anything else that happens to the economy which could happen right there's a lot of weird things ruin in the background then you'll see an exodus again"