Mike Krein recently taught a course at REOMAC. This is part three of what he covered. Learn where this correction will hit and the anticipated severity in each area. Don’t miss this next wave. Position yourself to take advantage of these opportunities.
What happens if interest rates rise? If interest rates rise, many home buyers are going to be priced out of the market. AFFORDABILITY is the key. The most limited supply is “starter” homes. Investors are competing for them. This is not profitable for new construction. The issue is, there are no starter homes now – no opportunity to build equity. This means no “trade up” home later!
Baby Boomers retiring and downsizing – will be trying to sell “trade up” homes but who will buy them? (no demand = falling prices…)
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