U.S. Default Would Cause Mortgage Rates to Top 8% | Hot Sheet 05/12/23
BAM Hot Sheet
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The Housing Market in Not Make Believe Land
Zillow is playing make believe land 18 months out. Rates jump back up over seven rates get to 8% in this scenario outlined by Jeff Tucker from Zillow. Then you will see buyers recede out of the market. You will see even more sellers clam up than you've seen in the spring market. And you will see not only a deep freeze, but what I've referenced from last year, a complete cold war where people are doing nothing.
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