RealWarrenBuffett@lemm.ee to News@lemmy.worldEnglish · 7 months agoCould homebuyers finally catch a break? Experts predict a housing glut in 2024creditnews.comexternal-linkmessage-square13fedilinkarrow-up123arrow-down15
arrow-up118arrow-down1external-linkCould homebuyers finally catch a break? Experts predict a housing glut in 2024creditnews.comRealWarrenBuffett@lemm.ee to News@lemmy.worldEnglish · 7 months agomessage-square13fedilink
minus-squarejordanlund@lemmy.worldlinkfedilinkarrow-up5arrow-down1·edit-27 months agoSo the scenarios are: Interest rates go down and prices go up. Making it more expensive to get a house. Interest rates stay the same, number of homes increase, causing prices to go down. I can’t tell how either scenario is a good deal for current homeowners. Yeah, it’s easier to sell my home, but harder to buy a new one. Easier to sell my home, for less money, and I get a higher interest rate on a new home. Lose/Lose.
So the scenarios are:
Interest rates go down and prices go up. Making it more expensive to get a house.
Interest rates stay the same, number of homes increase, causing prices to go down.
I can’t tell how either scenario is a good deal for current homeowners.
Yeah, it’s easier to sell my home, but harder to buy a new one.
Easier to sell my home, for less money, and I get a higher interest rate on a new home.
Lose/Lose.