Surreal Estate: How far will house prices fall?
Many Happy Returns
How Far Could House Prices Fall?
Average two year fixed rate mortgages are around 5.8% at the end of 2022, which is up from 2.4% in 2021. Banks don't really want to repossess your house, do they? They're not in the business of owning and selling homes. Once the loans go delinquent, it's a bit of a disaster for them.
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