The real estate market is due for a big correction at least for higher end homes. Entry level and lower-middle class house prices seem to be on point, but at the 1/2 the market is trash. I'm tracking prices and I see homes sitting for over a year in KC, houses were the owners have to drop the asking price 1/4 to get a buyer. Maybe that's normal, but now that interest rates are creeping up I expect to see a big correction.
Either that or all these banks are going to start eating the difference between the Federal rate that they've been lunching on teh past 10 years.
So, what's the move?
Either that or all these banks are going to start eating the difference between the Federal rate that they've been lunching on teh past 10 years.
So, what's the move?
