One bad news after another for housing market. With rates predicted to go up higher to 5% the worst might be yet to come.
- Citibank Ht09q7Check back in April after tax season. I suspect we’ll see a huge increase in listings once people that purchased before he SALT deduction laws passed see their tax bill.
- That’s the argument yet no one can seem to quantify the number. It’s not going to take a very large number of listings in places like the Bay Area to cause a major spike and a chain reaction of people listing. There are many more on the fence hoping to see prices continue to increase. This happened in 2015 and then prices soared. I think this time is truly different 😂
- Quantify what number? The number of high earners who will be hit by AMT this year will decline from 1/3 to .1%.