Interest Rates, Inflation & Real Estate
" Breaking Up is Hard To Do", a 60's, or so, song from Neil Sadaka is a song for our era. Just like our first love, things were going so smooth and then BANG. What happened, everything was going so well? Interest rates were declining, stocks were alway going up and every dip we bought more, home values kept moving up, we made unbelievable money with a thing called Crypto. Then all of a sudden we had Covid, things came back and went higher, people shifted home searches away to areas were they could work remotely and have a better lifestyle at a lower cost of living. A buyer prospect backed away from a purchase recently, he lost over a $million in Crypto....he is sick. The happy smiling guy is gone. FAANG Stocks are down so much people hate looking at their statement on line. Yet....home prices keep going up. Los Altos Hills is up 37% in the month of January and the entry home there is $4+ million. Yahoo Finance says..." How will the economy and markets handle