7.5% Mortgage Rates will Crash the Housing Market

Mortgage rartes are surging again north of 7%. Which will cause the Housing Crash to get worse in the second half of 2023.
Homebuyers in America now need to spend nearly $3,000/month on their payments when they buy a house. That's not sustainable. Both prices and mortgage rates need to go down.
Watch out for suppressed homebuyer demand in the second half of 2023 to begin to be mixed with distressed selling from investors. That's a combination which could increase inventory and drive prices down.
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