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The Housing Market Just Hit a Breaking Point War and the impact on value around here Here are some headlines the last few days: Iran War bombs Housing market What war does to property values How to pick a mortgage rate during war In the beginning it is very shocking – Mexico – shocking Then we have the war in Iran – also shocking – and I think people have a disconnect NIMBY – they call this the Not in my backyard. It is one think when you see it on a screen, it’s another when it is happening to you. 1. We need to talk about cost and supply of goods. 2. Then we layer over the top of this – interest rates 3. Security – where do you feel secure. Priceless 4. When supply falls, prices go up 5. It’s harder and harder to buy the first home – because of that you end up with legacy houses, and people holding onto properties longer 6. If you need a house, and you can do it, buy sooner rather than later do it. Ready to BUY or SELL Real Estate? https://www.kenmoreteam.com/company-l...