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Fed raises rates 75 bps

Might be good for them long term. If their credit is excellent they can buy a house on the cheap and refinance a few times as rates go back down.
Exactly what I am thinking. But they are afraid of the rising rate scenario and getting locked into a high rate. Maybe they should consider a variable rate? Maybe a 3-5 year adjustable?
 
Saw something on LinkedIn yesterday indicating the home sales in the Des Moines metro between $200K-$600K have dropped 30% yoy.

Realtor told me the other day that the inventory is around 2800; this summer was less than 1000 and "normal" is around 3500.

In our search, I've seen prices getting reduced all over the place. Especially the pockets of new developments that builders like DR Horton put up as quickly as they could and are likely going to have to dump them for a lot cheaper in the spring.
 
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