this post was submitted on 08 Nov 2023
7 points (100.0% liked)
Hacker News
4123 readers
2 users here now
This community serves to share top posts on Hacker News with the wider fediverse.
Rules
0. Keep it legal
- Keep it civil and SFW
- Keep it safe for members of marginalised groups
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
We're also seeing supply constrict though at least in my local market - people are staying put because unless they're throwing up a cash offer, they would also be jumping into 7.5%+ rates. This is exacerbated in markets where secondary homes abound but does present a good buying opportunity if you can afford a year or two of pain before refinancing. A year or two ago anyone looking to finance a purchase was beaten by cash offers.