Market flipped from “rush to buy before rates go up” to “wait before buying until prices go down some more”. Lower rates? Nice, but who wants to buy a falling knife?
JUSTI N: A record number of buyers backed out of purchase deals in July due to high costs and economic worries, per Redfin. — unusual_whales (@unusual_whales) August 30, 2024 Buyers’ Strike Deepens: Pending Home Sales Drop to Record Low Despite …