Sales of previously occupied U.S. homes fell in June for the fourth straight month as elevated mortgage rates and record-high prices kept many would-be homebuyers on the sidelines.
  • NegativeLookBehind@lemmy.worldEnglish
    4·
    3 months ago

    So, if they drop the rate, won’t that prompt another buying frenzy, which in turn prompts more inflation? Most people that I’ve talked to are waiting for the rate to drop.

    • mommykink@lemmy.worldEnglish
      31·
      3 months ago

      We need stronger protections for first-time buyers. If you already own a house, rental (read: hostage) homes, or are a corporate entity, you should face the most prohibitive rates possible. But for regular people? Yes, absolutely. drop the rates.