Pending home sales drop to a record low, even worse than during the financial crisis - eviltoast
Mortgage rates in October rose sharply, with the average on the 30-year fixed loan briefly eclipsing 8%.
  • deegeese@sopuli.xyz
    31·
    11 months ago

    Overbidding at the start of a run up in prices is a lot less risky than overbidding at the top of the cycle.

    Unfortunately it’s hard to tell where you are except in hindsight.