You can't go a day, without seeing worrying "news." From the Federal Reserve raising rates, making mortgages more "unaffordable" to this summer leading in the most decrease "mortgage applications" since 2006. https://www.mpamag.com/us/mortgage-industry/market-updates/m...
On the other hand, commercial real estate has their own problem, prime commercial space goes unleased, and majority of downtown cores are still empty, or heavily decreased occupancy.
I'm on the opinion of, if you need a house, buy a house - because you do need a place to live.
Yet, decreased supply, higher cost of loans and loan servicing seem to make it mirror 2006 - yet, mortgages are stronger than ever - but what about those covid mortgage forbearances?
On the other hand, commercial real estate has their own problem, prime commercial space goes unleased, and majority of downtown cores are still empty, or heavily decreased occupancy.
I'm on the opinion of, if you need a house, buy a house - because you do need a place to live.
Yet, decreased supply, higher cost of loans and loan servicing seem to make it mirror 2006 - yet, mortgages are stronger than ever - but what about those covid mortgage forbearances?
What do all of you think?