> house inventory is very low because no one sells their low interest mortgage.
Short term yes. I would 100% delay moving to a 2 bedroom bigger house and just make do with a slightly smaller house to avoid a 25% more expensive house having a 100% higher mortgage payment.
But if interest rates stay up for 2, 3, 5 years - more and more of those want to moves will just suck it up and do it.
Short term yes. I would 100% delay moving to a 2 bedroom bigger house and just make do with a slightly smaller house to avoid a 25% more expensive house having a 100% higher mortgage payment.
But if interest rates stay up for 2, 3, 5 years - more and more of those want to moves will just suck it up and do it.