The previous home prices are still publicly available. People can see the price going up 100% or more in a matter of days. Anyone who buys a home now automatically has buyers remorse. Interest rates are irrelevant. You could have ZERO interest rate and the homes would not sell. Average income of Americans is 50k. Average home price is now 450k. The good news is we get to watch all these greedy home builders, flippers and "investors" lose Millions. Over priced homes mean over priced property taxes....that all those builders,flipers,investors are having to eat as their residential lottery tickets start costing them money rather than making it.
