‘Real’ home borrowing costs just spiked—which could cause housing prices in some cities to fall 20-25% from their peak

‘Real’ home borrowing costs just spiked—which could cause housing prices in some cities to fall 20-25% from their peak

Living On Whidbey
07/18/22

"A key but little noticed housing metric is what might be called "the real home borrowing cost." That number encapsulates potential buyers' expectations on whether, and by how much, future appreciation will either exceed or lag the current interest rate on 30-year mortgages."

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