In last one or two months, a lot of people had their interest rate locked at less than 4% for 5 yr fixed for 120 days. This means many of these people will try to buy their houses before the their rates are expired. Hence, don't really think the house prices will decline within next 2 or 3 months. However, after this period, it may go down. If not, likely won't go up anyway, but it also depends on the interest rate also. If the rate is back to less than 4%, won't see it going down. If up close to 5%, sure down. Let's see.
In last one or two months, a lot of people had their interest rate locked at less than 4% for 5 yr fixed for 120 days. This means many of these people will try to buy their houses before the their rates are expired. Hence, don't really think the house prices will decline within next 2 or 3 months. However, after this period, it may go down. If not, likely won't go up anyway, but it also depends on the interest rate also. If the rate is back to less than 4%, won't see it going down. If up close to 5%, sure down. Let's see.
100% agree
Also, the summer market will be over after 2 or 3 months, winter market always worse than summer market.
In last one or two months, a lot of people had their interest rate locked at less than 4% for 5 yr fixed for 120 days. This means many of these people will try to buy their houses before the their rates are expired. Hence, don't really think the house prices will decline within next 2 or 3 months. However, after this period, it may go down. If not, likely won't go up anyway, but it also depends on the interest rate also. If the rate is back to less than 4%, won't see it going down. If up close to 5%, sure down. Let's see.