Brian in The Wall Street Journal: What 7% Mortgage Rates Mean for Home Buyers
Brian Seay had a great exchange with Veronica Dagher from the Wall Street Journal on the impact of high rates on home buyers.
Here are a few highlights that you can use or share with friends or family that are in the market:
Timing the market for houses is just as challenging as timing the stock market. Prices rise in most years and can leave you behind if you wait too long.
Consider a new build. Homebuilders have the unique ability to offer incentives and rate adjustments.
This house does not have to be your “forever home.” Very few buyers end up living in a home for 30 years or more. So buy a home you can afford and trade up later.
For more advice and insight, see the article from WSJ:
