| It could be regional. Florida is back to 90% normal imo and businesses cannot find enough workers now and adding incentives with sign-on bonuses to get help, especially fast-food restaurants. People are still buying and selling like crazy, and really a seller's market with bidding wars for nice houses in the $200's-$300's arena. I don't see raising the interest here any will affect that market much. Refi's have slowed down considerably though. House prices have increased some because of the demand, but people are getting way more than the asking price right now (even sight unseen), and need that cash on hand because they are not appraising out in the bidding wars, and lenders will only borrower what it appraises for. I think lenders are seeing that regionally, and going back up slightly because they know they can basically. It's pretty interesting, and nothing like I have ever seen before. |
