Potential tax credit impact on prices

[CapeOne]

By the way, rates today are just about where they were back in the low of 2012. And home prices were A LOT cheaper back then. So, this isn’t some historically great time to sell/buy a home.

Average mortgages rates back in 2012 ranged from around 3.35% to 3.95% (3.66% average for the year). They've been running lower than that (historic lows) over the last several months.

 

[jeremymc7]

Think we're talking price of house, even adjusted for inflation / cost of money.

Homes in Los Angeles for example are WAY more expensive (in many cases) now then they were in 2012.

 

[CapeOne]

The housing market was at a low point in 2012 in much of the country. The economy/market continued to improve which drove value increases. More recently, low inventories and record low interest rates have caused further value increases. Rates have moved up a bit from the record lows but are still expected to be below 3.5% at the end of the year.