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Quote:

Originally Posted by cabmando (Post 11719770)

I don't know where the OP is from but home selling around here most definitely has not come to a stop. A house down the road from me was under contract twenty minutes after it was listed. Three homes my parents have looked at ($350K range) were under contract in less than 7 days. I don't see interest rates affecting sales if the buyers are well qualified. The jump in mortgage rates hasn't been enough to really do that much IMO.

Based on his post I would assume he's from
San Diego where a 2 br shack goes
for over a million

A $900,000 mortgage is pretty expensive
at 6% interest

Housing sales is still on fire even down in San Diego. I am sure it isn't like it was with interest rate at 3.7%. House next door just closed. Went on the market, 3 weeks later, they are moving in. Just met them yesterday.

Were's Tabs? - The Sky is falling but it isn't?