Interest rates aren’t “high” yet. They just aren’t inflation fanning retarded anymore.
interest rates are high....its a matter of perspective....3 to 7 is high not everyone had a 10 or 15% mortgage....alot weren't even born yet.
I dont think 6% is bad ....but I have seen the flip side of things....housing will and already is slowing down yes some markets will be better than others...
building prices will come down...they have to when material isnt selling the price will drop...how much it comes down is the question.
labor will come down....if we get in a longer recession than anticipated.....no work no toys no house.....some areas it will be a blip others not so much....bob
