In a new CNBC report, analysts are trying to make sense of what’s happening with the housing market. They say things are changing and the root cause is simple — affordability.
“The housing market isn’t going to crash; a plateau is more likely”.Â
Atlanta area SRES realtor Hilary Walker’s take on the report: “I agree with this statement and the report’s discussion completely. I think some buyers might want to consider purchasing now before the rates get any higher and then plan to refinance when rates drop. I also agree with the presenter’s statement about Adjusted Rate Mortgages – they are making a comeback without the scary subprime conditions that were part of the problem back in 2006/7. Just like the Reverse Mortgage/Home Equity Conversion Mortgage, the ARM is not for everyone but when you understand the product and how you can use it to your advantage it becomes quite attractive – more so now when conventional rates are going over 5% and the ARM rate remains around 4%.”
>>See the full report: https://www.cnbc.com/video/2022/05/25/housing-market-isnt-going-to-crash-a-plateau-is-more-likely.html?__source=androidappshare
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