Mortgage rates are now 7-8%, almost triple what they were this time last year!
Demand in the housing market has collapsed and many people are claiming the Real Estate Bubble has burst!
But, why haven’t prices fallen?
House prices have fallen! But the sky hasn’t dropped yet, we aren’t seeing 50%+ declines like we did in 2008 yet
Also, I want to give advice to current home buyers–and help you all navigate this crazy real estate market and answer does it make sense to rent or buy right now?
And make sure you stick around until the end because I will answer whether or not it makes to rent or buy right now!