Talking heads discussing the impact of higher rates – one being more ARMs:

The guest commentator said that we will lose 20% of the buyers if rates go over 5%, which sounded like a guess.  We don’t have to lose any buyers if they were just willing to look at smaller homes or a cheaper area.  It’s the buyer psychology and ego that will cause people to drop out.

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, which began in September, 2005. Stick around!

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